Careem planning to spend US$150mil to launch food delivery business: sources


An employee shows an advertisement for ride-hailing company Careem, on a laptop in his office in the West Bank city of Ramallah July 17, 2017. REUTERS/Mohamad Torokman/Files

DUBAI: Middle East ride-hailing app Careem is planning to spend up to US$150mil (RM605.25mil) to launch its food delivery business as early as September, according to two sources with direct knowledge of the matter.

Careem, the main Middle East rival of Uber Technologies , has been trialing food delivery services after announcing in February it had acquired regional online restaurant listing platform RoundMenu.

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