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  "documentTitle": "Uber's $3 billion acquisition of a major Middle Eastern rival is finally complete. Here's the pitch deck Careem used to secure its first round of venture capital 6 years ago.",
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  "authorName": "Careem",
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      "text": "Spend buckets: Headcount $480k, Admin & travel $60k, IT infrastructure $30k, Marketing $25k, Legal $50k",
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      "text": "Raising $600k from F&F and angels who can help strategically; Issuing convertible equity with 20% discount and $8m valuation cap; Funding should last for about 6 months and plan is to raise a larger institutional round within that timeframe",
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      "text": "Target milestones: Build the team, Scale volumes in UAE (corporate, consumer), Open up Doha, Pilot setup in Riyadh",
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      "text": "Seed funding: $600k",
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      "text": "SOURCE: Careem",
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