Careem acquires RoundMenu restaurant listing service

Careem said it will begin testing a delivery capability for RoundMenu customers

Tags: Careem (www.careem.com)Mergers and acquisitions
  • E-Mail
Careem acquires RoundMenu restaurant listing service Careem will being trials of food deliveries after acquiring RoundMenu.
By  ITP.net Staff Writer Published  February 18, 2018

Careem has acquired restaurant listing service RoundMenu, as part of expansion plans.

The ride-hailing service has acquired RoundMenu for an undisclosed sum, according to Reuters.

Careem said it would start trialling food delivery services through the restaurant listing and reservation online platform this month.

"Careem will begin testing a delivery capability for RoundMenu customers on a small scale later this month," it said in a statement.

RoundMenu, which is available online and as an app, has a presence in 18 cities across nine Arab countries, including Saudi Arabia, the UAE, and Egypt, according to its website.

Several food delivery companies, including Talabat, Zomato, UberEats, and Deliveroo, are active in the region.

RoundMenu has raised $3.1 million in funding since it launched in 2012, the Careem statement said.

Careem said in June it would accelerate expansion plans after raising $500 million from investors, including German carmaker Daimler and Saudi Arabia's Kingdom Holding.

In July, it took a minority stake in an Egyptian start-up that connects commuters with private buses in Cairo.

Add a Comment

Your display name This field is mandatory

Your e-mail address This field is mandatory (Your e-mail address won't be published)

Security code