Cab: Careem has been able to deploy capital more efficiently than peers; its funding needs are likely to grow due to planned diversification
Published on: Sep 2018
Till date, Careem has utilized its funding amounts more efficiently than its Asian peers such as Ola, Grab. However, Careem is increasingly looking to expand into near-core and beyond core sectors like its peers (for e.g. logistics and payments). Entry into these cash-hungry businesses will likely drive up its need for funding going forward.