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Uber Buys Dubai Ride-Hailing Unicorn Careem For $3.1B

PYMNTS

Founded in 2012, the ride-hailing unicorn – which is valued at over $1 billion – was the premier tech startup in the Middle East and North Africa. Innovation is at the heart of what we do at Careem , and has been critical to our success in winning over local markets,” said Co-founder and chief executive officer (CEO) Mudassir Sheikha. “As

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Here Are The Asian Smartphone Upstarts Gunning To Displace Apple, Samsung, And Huawei In The Region

CB Insights

Unlike the US, where the smartphone market is divided between a small number of key players, in Asia there are many companies vying to become the dominant smartphone provider, from global giants to smaller local startups. In second place was Xiaomi, which has made major inroads in the region with its low-cost smartphones.

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Tech Center: Dubai Takes A Front Row Seat To FinTech Growth

PYMNTS

As of 2012, Dubai was the 22nd most expensive city in the world and the most expensive city in the Middle East. Where this differs from other Middle East countries is the support and drive of the country’s leadership, who are relentless in aiming to make the country a leader in smart city innovation,” Horton explained.

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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

Brothers Patrick and John Collison founded Stripe in 2010 in an attempt to gain share in online payments, a then-nascent market with seemingly boundless growth opportunity. Market opportunity. Leadership and board members. Stripe is ramping up its private market investments. Expansion into emerging markets.

Online 98
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Amazon Vs. Alibaba: How The E-Commerce Giants Stack Up In The Fight To Go Global

CB Insights

in market cap. Alibaba is expanding its logistics network around the world and piecing together subsidiaries to connect the world’s e-commerce markets. Both companies can afford to spend aggressively on expansion as their stocks have soared — market caps sit at $720B for Amazon and $483B for Alibaba.

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Autopsy Report: 9 Startup Failure Stories And What We Can Learn From Them

CB Insights

To some, Silicon Valley startup culture was as much to blame for Theranos’ failure as the company’s leadership. Pets.com catapulted into the American consciousness via an all-out marketing blitz that included appearances at the 1999 Macy’s Thanksgiving Day Parade and the 2000 Super Bowl. Takeaways & lessons. Total funding : $161M.

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18 Corporate Innovation Labs In Healthcare

CB Insights

The app has won multiple awards since it was released in 2012. Innovation centers across the globe in Boston, London, California, and Shanghai serve as regional hubs that can connect with local entrepreneurs, scientists, and technologies. Founded: 2012. Its first product to market, SmokeBeat, is a smoking cessation app.