Business

Ride-hailing firm Careem purchases Indian bus app Commut

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

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.

“Mass transportation is one of the biggest issues facing many of the fast growing cities in our region,” said Careem co-founder Magnus Olsson. “Solving it will help to simplify lives and create affordable transport options.”

 

 

 

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