Sunday, December 18, 2016

Rakuten co-leads US$350M funding round in MENA-based ride-sharing startup

A major Middle Eastern telecom operator, Saudi Telecom Company, was the other co-lead investment partner Japan-based internet services company*Rakuten Inc*is co-leading a US$500 million investment in Middle East- and North Africa-based ride-sharing startup Careem. Saudi Telecom Company (STC) also co-led the round. Participating investors include Abraaj Group, Al Tayyar Group, Beco Capital, El Sewedy Investments,...
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