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TECH

Careem launches delivery service, expects to close funding round soon

By Alexander Cornwell
A Saudi woman shows the Careem app on her mobile phone in Riyadh, Saudi Arabia, January 2, 2017. REUTERS/Faisal Al Nasser/Files

DUBAI: Careem launched a delivery service covering everything from takeaway food to pharmaceuticals on Monday, diversifying from its core Middle East ride-hailing business and increasing competition with rival Uber Technologies.

The company has expanded its car service business to more than 120 cities in 15 predominantly Middle East countries since launching in 2012.

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