India is a new destination for technology outsourcing for mobile business.
Southeast Asia Grab Gogechk Both have major engineering teams in the country, and now a $ 1 billion company is added to this duo. Careem, In the Middle East, it was worth more than $ 1 billion, and recovered the talent of the Commut bus shuttle service and entered the race.
This deal is not a Careem entry in India but a talent acquisition – "acquisition". With this agreement, the Commut team based in Hyderabad will join Careem and it is expected to tackle complex local problems in the Middle East market. Startup is serving approximately 70,000 consumers Commut's service will be integrated into rival Shuttl. .
"As Careem develops its technology foundation, we continue to acquire and invest in highly relevant valuable technology companies and start-up companies that will accelerate growth, impact, the company said in a statement.
According to Crunchbase, Commut raised only 200,000 dollars from investors. Meanwhile, Chartres raised $ 30 million from investors such as Sequoia · India and Amazon.
Go-Jek joined India for the first time in four acquisitions in 2016 and contributed to the creation of a technology and engineering team. She had planned the expansion in India, but there was a rumor that instead of going to Southeast Asia with the first migration to Vietnam. Go – Jek has a service in Thailand and is planning a new expansion in Singapore and the Philippines.
In addition, Mr. Grapple opened an engineering center in India in 2017 and strengthened its presence by acquiring iKaaz, an Indian start-up company earlier this year, as part of the mobile payment service growth agreement. We also have an engineering center in China, the United States, Vietnam, Singapore, Malaysia and Indonesia for grabs equivalent to 11 billion dollars.
Grab, and not so much, Gogejek, Uber In the Middle East, Careem was related to the acquisition of Uber. in spite of…
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