This is our last funding round before IPO: Uber rival Careem
Mudassir Sheikha, Co-founder of Uber's cab-hailing rival in the Middle Eastern region Careem, which raised $350 million at a valuation of $1 billion on Monday, has said that the company does not need to raise more money before its IPO. The company is on a path to profitability and aims to cover 20 countries between Pakistan and Morocco, Sheikha added.