Careem Overview

  • Founded

  • 2012

Founded
  • Status

  • Acquired/​Merged

  • Employees

  • 3,801

Employees
  • Latest Deal Type

  • Later Stage VC

  • Latest Deal Amount

  • $500M

  • Investors

  • 2

Careem General Information

Description

Provider of a car booking platform designed to connect passengers with local drivers. The company's 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, enabling passengers to have access to affordable and advantageous transportation.

Contact Information

Website
www.careem.com
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Primary Industry
Automotive
Other Industries
Social/Platform Software
Application Software
Parent Company
Uber
Primary Office
  • Shatha Tower, Dubai Media City
  • Post Office Box
  • Dubai United Arab Emirates

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Careem Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
9. Later Stage VC 10-Mar-2022 $500M 00000 Completed Generating Revenue
8. Merger/Acquisition 02-Jan-2020 00.00 00000 00.00 Completed Generating Revenue
7. Later Stage VC (Series F) 18-Oct-2018 00000 00000 000 Completed Generating Revenue
6. Corporate 08-Aug-2017 00000 Completed Generating Revenue
5. Later Stage VC (Series E) 14-Jun-2017 00000 00000 00.00 Completed Generating Revenue
4. Later Stage VC (Series D) 01-Dec-2016 0000 Completed Generating Revenue
3. Later Stage VC (Series B) 10-Nov-2015 0000 0000 Completed Startup
2. Early Stage VC 31-Jan-2014 $1.7M $14M Completed Startup
1. Early Stage VC 09-Sep-2013 $12.3M $12.3M Completed Startup
To view Careem’s complete valuation and funding history, request access »

Careem Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Provider of a car booking platform designed to connect passengers with local drivers. The company's platform offers a ma
Automotive
Dubai, United Arab Emirates
3,801 As of 2022
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Istanbul, Turkey
000 As of 0000
000
00000000000 000

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0000000000
Paris, France
00 As of 0000
000.00
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Careem Competitors (42)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Bitaksi Formerly VC-backed Istanbul, Turkey 000 000 00000000000 000
00000 (00000000) Formerly Angel backed Paris, France 00 000.00 000000&0 000.00
0000000.000 Venture Capital-Backed Guangzhou, China 0000 000.00 00000000000 000.00
0000000 Venture Capital-Backed Hamburg, Germany 0000 000.00 0000000000 0
00000 Formerly VC-backed Sao Paulo, Brazil 000 0000 000000&0 0000
You’re viewing 5 of 42 competitors. Get the full list »

Careem Executive Team (19)

Name Title Board Seat Contact Info
Magnus Olsson Co-Founder, Chief Experience Officer & Managing Director
Mudassir Sheikha Co-Founder, Chief Executive Officer & Board Member
Bassel Al Nahlaoui Vice President, Business Development & Government Relations & Managing Director, UAE
Abdulla Elyas Ph.D Co-Founder
Ashish Jain Senior Vice President of Finance
You’re viewing 5 of 19 executive team members. Get the full list »

Careem Board Members (3)

Name Representing Role Since
Mudassir Sheikha Careem Co-Founder, Chief Executive Officer & Board Member 000 0000
Oskar Mielczarek de la Miel Rakuten Capital Board Member 000 0000
You’re viewing 2 of 3 board members. Get the full list »

Careem Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Careem Former Investors (29)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Alpha Partners Venture Capital Minority 000 0000 000000 0
Arzan Venture Capital Corporate Venture Capital Minority 000 0000 000000 0
BECO Capital Venture Capital Minority 000 0000 000000 0
Bild Alternative Investments Venture Capital Minority 000 0000 000000 0
Coatue Management PE/Buyout Minority 000 0000 000000 0
You’re viewing 5 of 29 investors. Get the full list »

Careem Investments & Acquisitions (12)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
0000000 01-Jul-2022 0000000000 Financial Software 00000000
00000:00 24-Jun-2022 0000000000 Other Restaurants, Hotels and Leisure 00000000
0000000 28-Feb-2022 00000 0000 Other Restaurants, Hotels and Leisure
0000000 28-Jun-2021 00000 0000 000.00 Specialty Retail
Cyacle Bicycle Rental 28-May-2019 Merger/Acquisition Social/Platform Software 000000 00
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Careem Subsidiaries (2)

Company Name Industry Location Founded
Denarii Financial Software Abu Dhabi, United Arab Emirates 2017
000000000 Information Services (B2C) United Arab Emirates 0000
To view Careem’s complete subsidiaries history, request access »

Careem Exits (2)

Company Name Exit Date Exit Type Exit Size Status Buyers
000 00000000 01-May-2019 00000 000.00 Completed
  • 5 buyers
Swvl 17-Jul-2017 Seed Round 00000 Completed
To view Careem’s complete exits history, request access »