Careem is trying to raise up to $200 million from Chinese investors

Careem is trying to raise up to $200 million from Chinese investors

Careem is a well-known and leading ride-sharing trying to raise up to $200 million from Chinese investors, according to a report published in Reuters.

According to report, Careem is in talks with investors to raise an investment between $100 million and $200 million.

Investment bank China International Capital Corporation (CICC) is Advising Careem regarding investment. However, the source said, adding there was a lack of familiarity and interest among Chinese investors in Middle Eastern start-ups.

Beijing-based CICC and Careem both declined to comment.