Careem-Uber opportunities Analysis

Careem-Uber opportunities Analysis:

Careem is a transportation network company based in
Dubai, with operations in over 100 cities in 14 countries
in the Middle East, Africa, and South Asia. The company
was valued at over $2 billion as of 2018. In March 2019,
Uber acquired Careem for $3.1 Billion. As part of the
deal, Careem maintains an independent brand and
operates separately.
Uber is a convenient, inexpensive and safe taxi service.
Hire a private driver to pick you up & take you to your
destination with the tap of a button on any smartphone
device. ... For drivers - Uber provides exceptional pay,
allows you to be your own boss, and even receive tips.
Opportunities:
Customers are often dissatisfied with traditional cab
companies because of high prices and long waiting
time.
It can exploit new and big markets in countries like
India where taxi services are inconvenient and
expensive.
Can tap growing markets in suburban areas where
taxi services are not available.
Rise in number of Uber drivers will reduce the
Estimated Time of Arrival. This will make Uber more
liked. The startup will get more revenue and drivers
will be profited as well.
Uber can increase the valuation. This might appeal
more investors. As a result, Uber will have more
money to operate.
Cheaper electric cars can be used. It will reduce the
cost and increase the driver’s profit margin.
Additional services like transporting older patients
to hospital, transporting children to school and
transporting pets to the vet can be offered.

Expirence:
In my opinion Careem Uber can use the
opportunities to target the market of india and
use cheap electric cars to reduce the cost and
Additional services like transporting older
patients to hospita, transporting children to
school these opportunities enhance the target
market of Careem Uber and they can tatget
more customer.