The investment would allow Lyft to pursue aggressive growth with grants for drivers and discounts for riders, while also expanding its marketing strategy.
Didi’s investment in Careem is said to further enhance its reliable transportation offerings across the region. Together, the two parties will share knowledge in intelligent transportation technology, product development, and operations.
Orange Business Services has signed an agreement with Careem, to provide the Dubai-based ride-hailing service with network and contact centre services.
Careem said its investment in Palestine falls in line with the company’s commitment to create one million jobs in the Middle East and North Africa region by 2018.