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UAE-based mobility platform Carasti, has announced its expansion to Saudi Arabia following a $2 million bridge round from Net Ventures...

SHARE Dubai-based car subscription start-up Carasti launched a new service allowing customers to rent new cars for 12 and 24 months, without the financial commitment of owning a vehicle. The rollout of the new service and expansion of the company follow the raising of $3 million in pre-Series A funding round last month that was led by Net Ventures with participation from Rua Growth Fund. “There are no hidden costs, no extra fees and no financial surprises. We simply don’t believe that you should be weighing yourself down with debts, bank loans and payments just to drive a car,” Claudio ...

(MENAFN - Khaleej Times) Carasti, a Middle East car subscription app, has announced a successful $3 million pre-Series A investment round. The round, which was oversubscribed, was led by Net Ventures with participation from Rua Growth Fund, as well as a number of other undisclosed investors. The new investment will allow the company, which currently operates in the UAE, to implement its plans for regional expansion, starting with Saudi Arabia later in 2021. The successful pre-Series A funding round has followed triple-digit quarter-on-quarter revenue growth for Carasti since the end of cor...

Carasti raises $3 million in pre-Series A UAE-based car subscription platform, Carasti, has raised a $3 million pre-Series A funding round, led by Net Ventures with participation from Rua Growth Fund, as well as several other undisclosed investors. Founded in November 2019, the startup offers a “car as a service” monthly subscription platform, enabling its users to hire a car for up to 24 months.   Carasti claims to have registered a triple-digit quarter-on-quarter revenue growth since the UAE’s lockdown was lifted in April 2020. Carasti plans to use the investment to grow in the UAE ...