Dubai startup Careem acquihires Hyderabad's Commut
Dubai's billion-dollar transportation services startup Careem has acquihired Hyderabad-based shuttle service app Commut for an undisclosed amount. Careem will acquire Commut's talent and technology, while Commut's drivers and customers will become a part of shuttle service app Shuttl. Founded by six IIIT Hyderabad graduates in 2015, Commut is backed by 50K Ventures and UK-Based Shell Foundation.