Careem

Careem Rides will operate a foundational ride-hailing service and will continue to be fully owned by Uber

It's only the second bond sale in Uber's 10-year history

The acquisition comes as Uber Technologies Inc. is in talks to buy Careem in a deal that could value it at $2 billion or more, people familiar said last week

This comes when Indian consumer internet companies are laying off employees, reports Tech in Asia