REUTERS: Uber exits five Pakistani cities, to continue services via unit Careem

[Crimson Blue]

Thank you Mir Bajwa & Shahbaz Speed.

REUTERS: Uber exits five Pakistani cities, to continue services via unit Careem.

 

[SecularNationalist]

Showbaaz sharif .

 

[IceCold]

Jab gasti ka bacha is mulk ko chalin ga phir aisa he ho ga.

 

[epebble]

Thank you Mir Bajwa & Shahbaz Speed.

REUTERS: Uber exits five Pakistani cities, to continue services via unit Careem.


View attachment 886295

What is the problem? Instead of duplicate brands, they just consolidated to one.

 

[HAIDER]

Thank you Mir Bajwa & Shahbaz Speed.

REUTERS: Uber exits five Pakistani cities, to continue services via unit Careem.


View attachment 886295

Seems they have done some loan talks with UAE. So UAE Kareem in and Uber out. Closing operation without giving any valid reason makes no sense and UAE Kareem running its operation successfully.

 

[_NOBODY_]

Thank you Mir Bajwa & Shahbaz Speed.

REUTERS: Uber exits five Pakistani cities, to continue services via unit Careem.


View attachment 886295

In-Driver is currently destroying all the ride-hailing companies right now in Pakistan.

Seems they have done some loan talks with UAE. So UAE Kareem in and Uber out. Closing operation without giving any valid reason makes no sense and UAE Kareem running its operation successfully.

Careem was bought by Uber not long ago.

 

[SQ8]

Uber hands over services to Careem so it doesn’t create internal competition.

Le Pakis: “It’s all because of Showbaaz, Bajwa & CIA”

 

[Wood]

Uber Technologies Inc (UBER.N) will discontinue its ride-hailing services app in five cities in Pakistan including Karachi and Islamabad, the company said on Tuesday, in a move that will reduce market overlap between the U.S. firm and its Middle East unit Careem.

This is clearly a business decision that is meant to streamline their footprint in the country. This has nothing to do with the government or the current economic troubles. Some may try to spin this differently.

On a related note, cab and auto drivers in India are typically livid with Uber and other ride hailing services. I wonder how things are in Pakistan

 

[On the Edge]

This is clearly a business decision that is meant to streamline their footprint in the country. This has nothing to do with the government or the current economic troubles. Some may try to spin this differently.

On a related note, cab and auto drivers in India are typically livid with Uber and other ride hailing services. I wonder how things are in Pakistan

Unfortunately, our imran khan die hard loving brothers are still not over the fact that he is not the PM anymore. To them, everything is a sazish and done by Bajwa, Be it a car accident, gas leak, lose motions , aircraft engine failure, short circuit or even a car parked outside some ministers house, its a sazish to them.

Really sad.

 

[ziaulislam]

Thank you Mir Bajwa & Shahbaz Speed.

REUTERS: Uber exits five Pakistani cities, to continue services via unit Careem.


View attachment 886295

It's due to severe corruption by Uber drivers who don't accept the ride when it's done they charge whatever they want and then later accept it which is much lower then what they got.

Many tourists are complaining about it.

Corruption is rampant everywhere in Pakistan

Uber hands over services to Careem so it doesn’t create internal competition.

Le Pakis: “It’s all because of Showbaaz, Bajwa & CIA”

That's not the reason..
PayPal never entered for a reason.
Several tech companies also leaving for a reason.


Nothing to do with IK or bajwa... corruption remained the same in each era

 

[Princeps Senatus]

It's due to severe corruption by Uber drivers who don't accept the ride when it's done they charge whatever they want and then later accept it which is much lower then what they got.

Many tourists are complaining about it.

Corruption is rampant everywhere in Pakistan


That's not the reason..
PayPal never entered for a reason.
Several tech companies also leaving for a reason.


Nothing to do with IK or bajwa... corruption remained the same in each era

Careem is owned by Uber, so if Uber was really pulling the plug they would sell Careem.

 

[ziaulislam]

What is the problem? Instead of duplicate brands, they just consolidated to one.

Careem will soon leave too

Careem is owned by Uber, so if Uber was really pulling the plug they would sell Careem.

Sell to whom?
It's not simple to pull out of every market

 

[epebble]

Careem will soon leave too

Sell to whom?
It's not simple to pull out of every market

Careem will soon leave too


Where does it say? The article says, "reduce market overlap between the U.S. firm and its Middle East unit Careem."

 

[Pogical Thinking]

In-Driver is currently destroying all the ride-hailing companies right now in Pakistan.

In Driver's growth has been absolutely incredible, from 0% market share in 2021 to almost 70%+ now. It remains to see if they can maintain that market share because that growth was all out of VC's money dumping into the platform.

 

[_NOBODY_]

In Driver's growth has been absolutely incredible, from 0% market share in 2021 to almost 70%+ now. It remains to see if they can maintain that market share because that growth was all out of VC's money dumping into the platform.

That's the case with all ride-hailing companies, their plan is to grow as fast as possible while figuring out ways to minimize losses. This approach requires huge capital and large sums of money get burned very quickly. As long as VCs keep giving them money they will keep growing. Look at our own Airlift, when Airlift needed series C funding, the VCs backing Airlift said that they will grant them money after a month. Airlift couldn't afford to wait a month and this resulted in the death of Airlift.