September 24, 2018 / 9:44 AM / 22 days ago

Ride-hailing firm Careem purchases Commut app

DUBAI (Reuters) - United Arab Emirates-based ride-hailing app Careem said on Monday it has acquired Commut, the Hyderabad-based mass transportation app.

An employee shows the logo of ride-hailing company Careem on his mobile in his office in the West Bank city of Ramallah July 17, 2017. REUTERS/Mohamad Torokman/File Photo

Careem did not disclose the size of the deal, which it said would accelerate its expansion into mass transportation through the addition of bus services across the 100 cities.

Reporting by Alexander Cornwell; Writing by Tom Arnold

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