Write an article on Uber and Careem acquisition

About Uber

Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 10 billion trips later, we’re building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.

About Careem

Careem is the internet platform for the greater Middle East region. A pioneer of the region’s ride-hailing economy, Careem is expanding services across its platform to include mass transportation, delivery and payments. Careem’s mission is to simplify and improve the lives of people and build a lasting organisation that inspires. Established in July 2012, Careem operates in 120 cities across 15 countries and has created more than one million economic opportunities in the region reportedly,

Uber wanted to own more than half of the merger and also considered the possibility of buying Careem at that time.

Meanwhile, the Japanese multinational SoftBank, a major stakeholder in Uber, has created an avenue of merging Uber with other ride-hailing services across Asia.

Next year, Uber will be going public and is looking for growth avenues while battling cut-throat competition in the ride-hailing industry.

Founded in 2012, Careem has grown quickly over the years. It has reached 1 million drivers spread across fourteen countries by early September this year. According to a press release from Uber CEO Dara Khosrowshahi, the company “intends to operate Careem independently, under the leadership of co-founder and current CEO Mudassir Sheikha.”

Speaking about the decision to let Careem operate as an independent brand and operate separately, Khosrowshahi said: “After careful consideration, we decided that this framework has the advantage of letting us build new products and try new ideas across not one, but two, strong brands, with strong operators within each.

He added: “Over time, by integrating parts of our networks, we can operate more efficiently, achieve even lower wait times, expand new products like high-capacity vehicles and payments, and quicken the already remarkable pace of innovation in the region.”

The press release further announced that the acquisition is subject to regulatory approval in various countries, which is not expected to be acquired until 2020.

It further explained that since both companies will continue to largely operate separately after the acquisition, “very little will change in either teams’ day-to-day operations post-close.”

The deal will see Uber pay $1.4 billion in cash and the rest in notes convertible to Uber shares.

Dubai-based Careem boasts more than a million drivers and 30 million users across 90 cities.

Uber Technologies Inc., a US-based global logistics and transportation company, has been seeking new avenues of growth even as it faces severe competition in its core business of ride hailing from rivals like Lyft Inc.

The IPOs of Lyft and Uber represent a watershed for Silicon Valley’s technology unicorns, which for years have snubbed the stock market in favour of raising capital privately, with investors happy to back their frothy valuations.

Many might not be aware, but Careem acquired an app for listing and ordering restaurants called Round Menu.

Later in July, the company announced its plan to launch a food delivery service to compete with UberEats platforms. Uber is in advanced talks to acquire Careem, Bloomberg reported today, citing unnamed sources familiar with the matter. The deal according to Bloomberg could be a cash-and-shares transaction that values Careem at about $3 billion. The report by Bloomberg citing sources said that the two companies may announce the deal in coming few weeks.

Write an Article on what excites you and scares you the Most about Freelancing?

I’m My Own boss

That’s right! No one is the boss of  anymore. No more appraisals. No more getting told off for being late. No more working for control freaks, strange managers or directors. I am Only   control of  working life and no one else.

2. No more Monday mornings

Monday mornings… aren’t they a pain! Well, not if you’re freelancing. Because whilst the rest of the world is taking part in the dreaded Monday morning commute, you can choose to be tucked up in bed instead. Hate Mondays? Take the day off! You’re a freelancer and can choose your own working hours.

3. No more office politics

That’s right! No more office politics, bitchy colleagues or annoying people to deal with. I have NO worry about getting noticed and competing with colleagues.

4. I make the decisions

I make my own decision. As a freelancer, I can make all the decisions. I only in control. No one else.

5. I’m free to do what I want, any old time

Ok, so taking inspiration from the Stones here but it’s true – we all love our freedom. And freelancing brings a wealth of freedom, if that’s what’s important to me. No one can tell me what to do and no one can stop me from doing anything.

6. I have greater earning potential

Ok, so a salary might be safe and comforting. But when I work for someone else, I earning potential is never as good as when I freelance. As a business owner, I pretty much have an unlimited earning potential. It’s down to me how much money I make.

Scares about Freelancing

I am Fear About Freelancing

1. “I Don’t Have Enough Experience.”

The freelancing industry is booming so it’s easy to feel like a little fish in a big pond when you’re just starting out. I may notice that my specific niche is competitive and wonder why clients would choose to work with me over someone else who has more experience.


2. “My Fear of Rejection Will Prevent Me From Getting Good Clients.”.

I also took it upon myself to introduce myself to others in my niche and support them so when they knew someone who was hiring, they could refer me. It’s harder to get rejected when I receiving referrals or have a shared contact with the client you’re pitching.

3. “What If Clients Don’t Like My Work?”

Keeping open lines of communications with our clients is the best way to make sure both sides are pleased. Sometimes, client relationships just don’t work out or people have over-the-top requests.

4. “I’m Afraid I’ll Fail.”

Lastly, failure is probably the biggest concern freelancing have What if it doesn’t work? What if I don’t earn enough money? What if they don’t like it?

These are all common fears to have when I’m embarking on a new professional journey. My best piece of advice is to give it your all.

Set SMART goals that are realistic and give remain dedicated. You’ll never know what the results will be if you don’t try to do this job, and you don’t want to regret not giving freelancing a chance years down the road. x

How Natural beauty Make The Environment Gorgeous?

I like natural beauty. Naturally colors make the environment most beauty Some time Naturally disasters to disturb the whole environment. It creates much disturbance in Environment so many other things impact on it. Natural beauty like flowers makes blousing in the garden. Different colors of flowers Different colors of Birds like coco different color of sparrows fly in the air and look like gorgeous. The Nature is too beautiful and its impact on human behavior in different ways. Some time it create good impact on human nature And some time it has bad impact on human behavior

There are many Benefits of Beautiful Nature Aspects like The Fresh air Make the human healthy. When he /she take breath in fresh air he feels healthy. The greenery is very beautiful in the Early in the Morning. When human see the greenery Its directly impact on eyes

I like natural beauty like Rain on the mountain and the Birds Fly on the Air