App based cab booking service, Careem recently completed acquisition of restaurant listing and reservation online platform RoundMenu.
RoundMenu has a presence in 18 cities across nine Arab countries, including Saudi Arabia, the UAE, and Egypt, according to its website. The company raised $3.1 million in funding since it launched in 2012.
Careem a transportation network company based in Dubai has operations in 53 cities in the Middle East, North Africa, and South Asia. The company is valued at around $1 billion as of 2017. Careem had announced earlier that it would accelerate expansion plans after raising $500 million from investors, including German carmaker Daimler and Saudi Arabia’s Kingdom Holding.
It even went on to buy a minority stake in an Egyptian start-up that connects commuters with private buses in Cairo.
The company revealed in an official statement, “Careem will begin testing a delivery capability for RoundMenu customers on a small scale later this month.”
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