M&A Deal Summary

Careem Networks FZ Acquires Roundmenu

On February 18, 2018, Careem Networks FZ acquired internet software and services company Roundmenu

Acquisition Highlights
  • This is Careem Networks FZ’s 5th transaction in the Internet Software and Services sector.
  • This is Careem Networks FZ’s 1st transaction in United Arab Emirates.

M&A Deal Summary

Date 2018-02-18
Target Roundmenu
Sector Internet Software and Services
Buyer(s) Careem Networks FZ
Deal Type Add-on Acquisition

Target

Roundmenu

Dubai, United Arab Emirates
Roundmenu Ltd. is an online restaurant discovery platform. Roundmenu Ltd. was founded in 2012 and is based in Dubai, United Arab Emirates.

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Buyer(S) 1

Buyer

Careem Networks FZ

Dubai, United Arab Emirates

Category Company
Founded 2012
Sector Internet Software and Services
DESCRIPTION

Careem Networks FZ LLC is an online private car booking service serving the greater Middle East region. A pioneer of the region’s ride-hailing economy, Careem is expanding services across its platform to include mass transportation, delivery and payments. Careem’s mission is to simplify and improve the lives of people and build a lasting organisation that inspires. Established in July 2012, Careem operates in 120 cities across 15 countries and has created more than one million economic opportunities in the region.


DEAL STATS #
Overall 5 of 5
Sector: Internet Software and Services M&A 5 of 5
Type: Add-on Acquisition M&A Deals 5 of 5
Country: United Arab Emirates M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-25 Delivery Chacha

Karachi, Pakistan

Delivery Chacha is an on-demand delivery service working in Karachi. Delivery Chacha is based in Karachi, Pakistan.

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