Page 31 - Super App News Today

KUALA LUMPUR (April 10): AirAsia Malaysia is set to be the first airline connecting Kuala Lumpur to Kertajati, Indonesia starting May 17, 2023, strengthening its commitment to Indonesia as a core market and reinforcing its mission to democratise air travel by connecting underserved cities in the region.

Careem’s ride-hailing business will remain fully owned by Uber

E& today announced the signing of a binding agreement with Uber Technologies, Inc. (Uber) and its subsidiary Careem to acquire a majority stake in Careem’s Super App spinout. Careem’s ride hailing business will remain fully owned by Uber and continue to b

Emirates Telecommunications Group Company (e&) is acquiring a 50.3% stake in a spinout business of Ubers Middle Eastern subsidiary Careem for $400 million....

UAE’s global technology and investment group, e& is investing $400 million to become a majority shareholder in Careems Super App alongside Uber and all three of Careems co-founders.

Careem expects to benefit from e&'s large customer base and experience in scaling tech businesses.

Uber is spinning out part of its Careem brand, with UAE company e& investing $400 million for a majority stake in the spinout.

E& is investing $400m in the Careem Super App, in line with e&s strategic ambition of scaling up consumer digital offerings and accelerating its transformation to a global... | April 10, 2023

E& on Monday announced the signing of a binding agreement with Uber Technologies (Uber) and its subsidiary Careem to acquire a majority stake in Careem’s Super App spinout.

Emirates Telecommunications Group Company has agreed to take a 50.03 percent stake in a super app managed by Careem, Uber Technologies’ Middle East