We expect the acquisition of Careem to greatly expand our presence in the Middle East, North Africa, and Pakistan, which we think are attractive markets due to their size and growth potential, driven by tech-savvy populations, high smartphone penetration, low rates of car ownership, and communities growing the next generation of transport alternatives to serve their growing populations.
Uber did supply a small Quantity of insight to its possible users, particularly those it hopes to draw through the March acquisition of Middle Eastern ride-sharing company Careem:
The normal Uber rider took 11.5 rides or Uber Eats deliveries during the last quarter of 2018 1, waiting for significantly less than 5 min 2 for a motorist and traveling less than 30 miles 3.
In first public offering documents published on Thursday (April 11), Uber clarifies the 91 million active cyclists using its ride-hailing and delivery services around the world.
And ’s! Contrary to Lyft and other tech companies that have gone public in the last ten years, Uber doesn’t inform investors much about its clients in the IPO filing.
This ’s likely not dissimilar from Uber’s clients in its markets. The business said that 52% of its gross bookings came from outside of the US in the quarter that ended Dec. 31, 2018.