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Uber Adjusts Stake in Careem Technologies<\/strong><\/p>\n Uber has announced a significant change in its ownership structure regarding Careem Technologies, a popular super app based in the UAE. Under a new agreement, Uber will increase its share in Careem by acquiring a 12.5% stake from e& for $100 million. This change will bring e&\u2019s holding down to 37.53% from the previous 50.03%.<\/p>\n This adjustment in ownership is pending regulatory approvals and other necessary closing conditions. The shift follows e&’s major investment in 2023 when it secured a majority stake in Careem, investing $400 million. At that time, Uber kept control of Careem’s ride-hailing services while maintaining a significant interest in the app’s broader offerings.<\/p>\n Established in Dubai in 2012, Careem has grown from a ride-hailing service into a versatile super app. It now provides a variety of services, including food and grocery delivery, digital payments, and more, catering to users in multiple regions.<\/p>\n Careem\u2019s co-founder and CEO, Mudassir Sheikha, expressed his enthusiasm for the new agreement, stating that it brings Careem and Uber closer together while keeping e& as a valuable strategic partner. <\/p>\n This deal comes as Uber aims to strengthen its presence in the Middle East and wider EMEA markets, with Careem being a key player in the local tech scene. Notably, Uber acquired Careem in 2020 for $3.1 billion, marking one of the largest technology sales in the Middle East.<\/p>\n\n","protected":false},"excerpt":{"rendered":" Uber Adjusts Stake in Careem Technologies Uber has announced a significant change in its ownership structure regarding Careem Technologies, a popular super app based in the UAE. Under a new agreement, Uber will increase its share in Careem by acquiring a 12.5% stake from e& for $100 million. This change will bring e&\u2019s holding down<\/p>\n","protected":false},"author":1,"featured_media":33566,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[34],"tags":[],"class_list":["post-33565","post","type-post","status-publish","format-standard","has-post-thumbnail","category-technology"],"_links":{"self":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/posts\/33565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/comments?post=33565"}],"version-history":[{"count":0,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/posts\/33565\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/media\/33566"}],"wp:attachment":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/media?parent=33565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/categories?post=33565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/tags?post=33565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}