Careem
Careem was founded in 2012 and is headquartered in Dubai, AE
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Key People/Management at Careem
Mudassir Sheikha
CEO and Co-Founder
Magnus Olsson
Co-Founder
Abdulla Elyas
Co Founder
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Careem Office Locations
Careem has offices in Riyadh, Al Jubail, Karachi, Sheikh Zayed City and in 2 other locations
Dubai, AE (HQ)
4004 Shatha Tower
Sheikh Zayed City, EG
42-44 Syria, Mit Akaba
Karachi, PK
Dilkusha Forum 7 Tariq Rd
Al Jubail, SA
Dhahran Jubail Expy
Riyadh, SA
2869 Dammam Branch Rd
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Careem Financials and Metrics
Summary Metrics
Founding Date | 2012 |
Careem total Funding | $571.7 m |
Time since last funding | a year ago |
Careem investors | Muna Easa Al Gurg, Greyhound Capital, Rakuten, Coatue Management, El Sewedy Investments, Kuwait Investment Authority, Daimler Mobility Services, DCM Ventures, Kingdom Holding Company, Wamda Capital, Abraaj Group, Endure Capital, STC Ventures, Lumia Capital, Didi Chuxing, BECO Capital, Al Tayyar, Arzan Venture Capital, SQM Frontier Management, Saudi Telecom Company |
Careem's latest valuation is reported to be $1.2 b.
Careem Revenue
Market valuation | 1.2 b |
- Source: Techcrunch
Careem Operating Metrics
Careem's Users was reported to be 10 m in Jun, 2017.
| Dec, 2016 | Jun, 2017 | |
|---|---|---|
Active Cities | 50 | 80 |
Countries | 13 | |
Drivers | 150 k | 250 k |
Users | 10 m |
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Competitors
Careem Online and Social Media Presence
15.04k Twitter followers
Careem has 15.04k Twitter Followers. The number of followers has increased 0.5% month over month and increased 2.8% quarter over quarter
4.35m Facebook likes
Careem has 4.35m Facebook Likes. The number of likes has increased 3.6% month over month and increased 13.5% quarter over quarter
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Careem News and Updates
July 25, 2018
Restaurants in Pak offer free food deals to motivate people to vote
Show your "inky thumb" and grab a free meal!
Several Restaurants across Pakistan were offering free food and free drinks as an incentive to make people vote as the country went to polls, according to media reports.
More than 20 popular eateries were offering meal deals and citizens will only have to…
July 11, 2018
Saudi women got their licenses and signed up as ride-hailing drivers
More than 2,000 women submitted applications to drive with Careem.
At the end of June, the Saudi Arabian government finally let women drive cars, lifting the decades-old ban. So what did women do with their newfound freedom? Many got in on the gig economy and signed up to be drivers with a ride-hail…
July 04, 2018
UPDATE 1-Uber in talks with Dubai's Careem to merge in Middle East -Bloomberg
July 3 (Reuters) - Uber Technologies is in preliminary talks
with rival Careem to combine their Middle Eastern ride-hailing
services, Bloomberg reported on Tuesday, citing three people
familiar with the matter.
July 04, 2018
Uber in merger talks with Middle East ride-hailing startup Careem
Uber Technologies Inc. is further attempting to consolidate its international operations ahead of an initial public offering with the ride-hailing giant said to be in talks with Middle Eastern startup Careem Networks FZ. Bloomberg reports that the companies are in preliminary talks about a deal wit…
April 24, 2018
Careem plans to appeal Jordan suspension
DUBAI (Reuters) - Careem, the Middle East ride-hailing app, said on Tuesday it would appeal after a Jordanian court banned its services in the capital Amman.
April 24, 2018
Middle East Uber rival Careem follows in its footsteps by getting hacked
Uber Technology Inc.’s main rival in the Middle East, Careem Inc. has followed in its footsteps but not in a good way, with news Monday that a hacker had managed to steal millions of customer records. The hack, described by the company as “a cyber incident involving unauthorized access to the system…
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Careem Company Life and Culture
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