Dubai ride-hailing firm Careem buys India's Commut to enter mass transport

Careem Networks FZ acquired Indian bus shuttle service app Commut as the Dubai-based ride-hailing firm expands into mass transport.

Careem acquired the three-year-old Hyderabad-based firm and plans to roll out its bus services across 100 cities, it said in an emailed statement, without providing the deal value. Careem will take on Commut’s talent and technology, while Commut’s customers and drivers will become part of local shuttle service provider Shuttl.

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. Negotiations are ongoing