{"id":1815,"date":"2016-12-19T16:36:37","date_gmt":"2016-12-19T16:36:37","guid":{"rendered":"http:\/\/kt10.khaleejtimes.com\/?p=1815"},"modified":"2016-12-19T16:36:37","modified_gmt":"2016-12-19T16:36:37","slug":"ride-hailing-app-careem-says-closes-first-part-500m-funding-round","status":"publish","type":"post","link":"https:\/\/kt10.khaleejtimes.ae\/index.php\/2016\/12\/19\/ride-hailing-app-careem-says-closes-first-part-500m-funding-round\/","title":{"rendered":"Ride hailing app Careem closes first part of $500m funding round"},"content":{"rendered":"<p>Ride-hailing app Careem has closed the first part of a $500 million funding round backed by investors including Japan\u2019s Rakuten Inc and Saudi Telecom Co (STC), the Dubai-based company said in a statement on Monday.<\/p>\n<p><!--more--><\/p>\n<p>Uber\u2019s chief competitor in the Middle East and North Africa region said the tranche was worth $350 million and that it was advised by Credit Suisse on the financing.<\/p>\n<p>The cash would be used to help with its expansion plans, the statement added.<\/p>\n<p>STC said on Sunday it has agreed to buy a 10 percent stake in Careem for $100 million.\u2014<em>Reuters<\/em><\/p>\n<p>Image: Careem website<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ride-hailing app Careem has closed the first part of a $500 million funding round backed by investors including Japan\u2019s Rakuten Inc and Saudi Telecom Co (STC), the Dubai-based company said in a statement on Monday.<\/p>\n","protected":false},"author":2,"featured_media":1816,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[47,1],"tags":[],"_links":{"self":[{"href":"https:\/\/kt10.khaleejtimes.ae\/index.php\/wp-json\/wp\/v2\/posts\/1815"}],"collection":[{"href":"https:\/\/kt10.khaleejtimes.ae\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kt10.khaleejtimes.ae\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kt10.khaleejtimes.ae\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/kt10.khaleejtimes.ae\/index.php\/wp-json\/wp\/v2\/comments?post=1815"}],"version-history":[{"count":0,"href":"https:\/\/kt10.khaleejtimes.ae\/index.php\/wp-json\/wp\/v2\/posts\/1815\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kt10.khaleejtimes.ae\/index.php\/wp-json\/wp\/v2\/media\/1816"}],"wp:attachment":[{"href":"https:\/\/kt10.khaleejtimes.ae\/index.php\/wp-json\/wp\/v2\/media?parent=1815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kt10.khaleejtimes.ae\/index.php\/wp-json\/wp\/v2\/categories?post=1815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kt10.khaleejtimes.ae\/index.php\/wp-json\/wp\/v2\/tags?post=1815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}