Ride-hailing firm Careem enters India with Commut app purchase

Mon Sep 24 2018
Lucy Harlow (4126 articles)

 United Arab Emirates-based ride-hailing app Careem has acquired Commut, the Hyderabad-based mass transportation app, marking its entry into India, the firm said on Monday.

Careem did not disclose the size of the deal, which it said would accelerate Careem’s expansion into mass transportation through the addition of bus services across the 100 cities it operates in.

Reporting by Alexander Cornwell; Writing by Tom Arnold; Editing by Louise Heavens

Lucy Harlow

Lucy Harlow

Lucy Harlow is a senior Correspondent who has been reporting about Equities, Commodities, Currencies, Bonds etc across the globe for last 10 years. She reports from New York and tracks daily movement of various indices across the Globe