RIYADH: Uber Inc.’s Careem is investing an undisclosed sum in elmenus, a leading Egyptian food delivery app, according to a Bloomberg report.
Mudassir Sheikha, Careem co-founder and chief executive officer, said the partnership will help connect the company with more than 12,000 eateries in five Egyptian cities and their customers.
Careem, in a statement, as reported by Bloomberg, said the agreement with elmenus is a crucial step in launching its Super App across the region.
Uber bought Careem in 2019 for a whopping $3.1 billion.
Now, Careem offers 11 services in UAE that include ride-hailing, food, and grocery delivery and payments. The food delivery service of elmenus is operational in countries such as Saudi Arabia, Jordan, Qatar, and Pakistan.
