Acquired
Careem Stock
Helps commuters in Dubai find cars for hire.
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About Careem Stock
Careem 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 in minutes, see the cost, and have it charged to their selected credit card, which helps passengers have access to affordable and advantageous transportation. Abdulla Elyas, Magnus Olsson, and Mudassir Sheika founded Careem on June 15, 2012, with its headquarters in Dubai in the United Arab Emirates.
Funding History
| September 2013 | $1.7M |
|---|---|
| December 2014 | $10.0M |
| November 2015 | $60.0M |
| December 2016 | $350M |
| June 2017 | $150M |
| October 2018 | $200M |
Management
Co-Founder and Managing Director
Mudassir Sheikha
Co-Founder & Managing Director
Magnus Olsson
Co-founder and CPO
Abdulla Elyas
Press
Forbes - Apr, 17 2019
What Careem's $3.1 Billion Acquisition Means For The Middle EastArabian Business - Jan, 23 2019
Alwaleed's Kingdom Holding 'supportive' of Careem-Uber mergerThe National - Dec, 23 2018
Careem and RTA launch joint venture in DubaiBloomberg - Nov, 17 2018
Uber Is in Talks to Acquire Dubai Ride Hailing Firm CareemTechCrunch - Nov, 5 2018
24-hour flash sale: Get 2-for-1 Innovator passes to Disrupt Berlin 2018TechCrunch - Oct, 29 2018
Europe’s most popular ride-hailing service is launching e-scootersTechCrunch - Sep, 24 2018
Middle East’s Careem is the latest ride-sharing unicorn to get an India-based tech teamEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
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