Careem Acquires Middle East Online Restaurant Listing Platform – Research Snipers

Careem Acquires Middle East Online Restaurant Listing Platform

Careem—a Middle East opponent to Uber Technologies informed on Sunday that it has acquired RoundMenu. It also informed that it would start trailing food delivery services via the restaurant listings and reservation online platforms from this month.

The Dubai based ride-hailing company has attained the website and the app for an unrevealed amount of money.

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In one of the statements to Reuters Careem mentioned that it would be commencing the testing of the delivery capability for RoundMenu customers on a smaller scale later this month.

RoundMenu is UAE’s number one online restaurant discovery platform. It targets at finding restaurants and guide people to the most trending places as per the recommendations of the social media.
RoundMenu is present and operating in eighteen cities throughout nine Arab nations which include, Egypt, the United Arab Emirates and the Kingdom of Saudi Arabia as per the website.

There is a rising and continuous demand for delivery services in the Middle East, especially in the Gulf Arab countries where the temperature can rise above fifty degrees in summers.

Many food delivery firms are operating actively in the region. These companies include UberEATS, Deliveroo, Zomato and Talabat.

As per one of the statements made by Careem, RoundMenu has increased $3.1 million in funding ever since its launch which dates to 2012.

Careem informed that it would be speeding up the expansion plans once it increases $500 million from the investors which include a German carmaker Daimler and Kingdom Holding of Saudi Arabia.

Back in July, Careem took a small stake in one of the Egyptian start-up that provides connectivity to commuters with the private buses in Cairo.

More Read: Careem Now Brings “Inter-city Travel”