Careem to launch food delivery service

The Middle Eastern ride-hailing company and Uber rival Careem announced its recent acquisition of RoundMenu, a restaurant listing and reservation app.

They will be going up against current food delivery players such as Deliveroo, Talabat, Uber Eats and Zomato.

In June, Careem reportedly raised $150 million, closing a Series E venture capital funding round with $500 million raised. Mudassir Sheikha, Careem’s co-founder and CEO, said the company’s valuation now stands at $1 billion after the new funding round, according to a report in TechCrunch.

Testing will hopefully begin on the new food delivery service in the coming weeks.

– Richelle Fosberry – Mojo PR