Ride-hailing firm Careem enters India with Commut app purchase

[September 24, 2018]  DUBAI (Reuters) - United Arab Emirates-based ride-hailing app Careem has acquired Commut, the Hyderabad-based mass transportation app, marking its entry into India, the firm said on Monday.

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

(Reporting by Alexander Cornwell; Writing by Tom Arnold; Editing by Louise Heavens)

[© 2018 Thomson Reuters. All rights reserved.]

Copyright 2018 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.  Thompson Reuters is solely responsible for this content.