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Careem Technologies

Coverage of Careem Technologies in the Nexus archive.

Earliest in view: Jun 2 · 13:13 UTCMost recent: Jun 2 · 13:13 UTC
Co-mentioned in this coverage
e&organization1Uberorganization1TAMMorganization1Abu Dhabi governmentorganization1super apptopic1
Recent coverage
  • BUSINESSJun 2 · 13:13 UTCSEMAFOR
    UAE telecom giant e& gives up plan to build a 'super app'

    UAE telecoms giant e& has sold 12.5% of Careem Technologies back to Uber for $100 million, reducing its stake to 37.5% as it abandons its 'super app' ambitions. The decision follows challenges in executing the super app vision in the UAE, with TAMM consolidating public services and AI agents threatening the concept's viability. e& retains a put option to fully exit by late 2031.

Careem Technologies · Dossier · The Nexus