OverviewSuggest Edit
Careem is an app-based car service that connects people to rides. The Company designs an online booking platform that connects passengers with local drivers. Its platform offers a marketplace of community drivers where passengers can request a ride, see the cost, and have it charged to their selected credit card, which helps passengers have access to affordable and quick transportation.
... Show more| Type | Private | |
| Founded | 2012 | |
| HQ | Dubai, AE | Map |
| Website | careem.com | |
| Employee Ratings | More |
Recent NewsAll News
Latest Updates
| Employees (est.) (Feb 2019) | 2,988 | (+4%) |
| Job Openings | 88 |
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 Dubai, Al Jubail, Sheikh Zayed City, Riyadh 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 | $771.7 m |
Careem latest funding size | $200 m |
Time since last funding | 4 months ago |
Careem investors | Muna Easa Al Gurg, Greyhound Capital, AI Tayyar, Rakuten, Coatue Management, El Sewedy Investments, Kuwait Investment Authority, Daimler Mobility Services, DCM Ventures, Kingdom Holding Company, Wamda Capital, Abraaj Group, Endure Capital, STV, STC Ventures, Lumia Capital, Didi Chuxing, BECO Capital, Al Tayyar, Arzan Venture Capital, Kingdrom Holding Company, SQM Frontier Management, Saudi Telecom Company |
Careem's latest funding round in October 2018 was reported to be $200 m. In total, Careem has raised $771.7 m. Careem's latest valuation is reported to be $1.2 b.
Careem Revenue
Market valuation | 1.2b |
- 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
15.74k Twitter followers
Careem has 15.74k Twitter Followers. The number of followers has increased 0.5% month over month and increased 1.8% quarter over quarter
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Careem News and Updates
December 17, 2018
Careem launches delivery service, expects to close funding round soon
Careem launched a delivery service covering everything from takeaway food to pharmaceuticals on Monday, diversifying from its core Middle East ride-hailing business and increasing competition with rival Uber Technologies.
December 03, 2018
Uber's Middle East rival Careem launches bus-booking service in Egypt
Middle East ride-hailing company
Careem said on Monday it had launched a bus-booking service in
Egypt and would soon expand it into Saudi Arabia and Pakistan.
November 20, 2018
Uber's Middle East rival Careem looks to raise up to $200 mln in China -source
Careem, Uber's main Middle
East rival, is looking at raising between $100 million and $200
million from Chinese investors, a source with direct knowledge
of the matter told Reuters.
November 20, 2018
UPDATE 1-Mideast ride-hailing firm Careem working with Jefferies -sources
Middle East ride-hailing firm
Careem has been working with investment bank Jefferies as an
adviser on investment options and fundraising, including a
potential mergers and acquisition deal in the region with Uber
Technologies Inc, three sources familiar with the
matter said.
November 19, 2018
Mideast ride-hailing firm Careem working with Jefferies: sources
Middle East ride-hailing firm Careem has been working with investment bank Jefferies as an adviser on investment options and fundraising, including a potential Middle East M&A deal with Uber Technologies, three sources familiar with the matter told Reuters.
November 19, 2018
Mideast ride-hailing firm Careem working with Jefferies -sources
Middle East ride-hailing firm
Careem has been working with investment bank Jefferies as an
adviser on investment options and fundraising, including a
potential Middle East M&A deal with Uber Technologies, three
sources familiar with the matter told Reuters.
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Careem Company Life and Culture
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 Careem Frequently Asked Questions
When was Careem founded?
Careem was founded in 2012.
Who are Careem key executives?
Careem's key executives are Mudassir Sheikha, Magnus Olsson and Abdulla Elyas.
How many employees does Careem have?
Careem has 2,988 employees.
Who are Careem competitors?
Competitors of Careem include Ola , Uber and Lyft.
Where is Careem headquarters?
Careem headquarters is located at 4004 Shatha Tower, Dubai.
Where are Careem offices?
Careem has offices in Dubai, Al Jubail, Sheikh Zayed City, Riyadh and in 2 other locations.
How many offices does Careem have?
Careem has 7 offices.