Careem Overview

  • Year Founded
  • 2012

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 1,400

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $400M

  • Investors
  • 1

Careem General Information

Description

Operator 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
Corporate Office
  • Al Shatha Tower 4004
  • Al Falak Street Al Sufouh, Jumeirah Beach Road
  • Dubai United Arab Emirates
+971 04
Primary Industry
Automotive
Other Industries
Application Software
Vertical(s)
Mobility Tech, Ridesharing, Mobile
Corporate Office
  • Al Shatha Tower 4004
  • Al Falak Street Al Sufouh, Jumeirah Beach Road
  • Dubai United Arab Emirates
+971 04

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Careem Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
9. Merger/Acquisition 09-Apr-2023 $400M Completed Generating Revenue
8. Later Stage VC 10-Mar-2022 Cancelled Generating Revenue
7. Merger/Acquisition 02-Jan-2020 Completed Generating Revenue
6. Later Stage VC (Series F) 18-Oct-2018 Completed Generating Revenue
5. Later Stage VC 08-Aug-2017 Completed Generating Revenue
4. Later Stage VC (Series E) 14-Jun-2017 Completed Generating Revenue
3. Later Stage VC (Series C) 10-Nov-2015 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
Operator of a car booking platform designed to connect passengers with local drivers. The company's platform offers a ma
Automotive
Dubai, United Arab Emirates
1,400 As of 2023

Istanbul, Turkey
 

Bengaluru, India
 
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Careem Competitors (39)

One of Careem’s 39 competitors is Bitaksi, a Venture Capital-Backed company based in Istanbul, Turkey.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Bitaksi Venture Capital-Backed Istanbul, Turkey
Ola (Automotive) Venture Capital-Backed Bengaluru, India
CleverShuttle Formerly VC-backed Berlin, Germany
MobilityX Venture Capital-Backed Singapore, Singapore
zuzuche.com Venture Capital-Backed Guangzhou, China
You’re viewing 5 of 39 competitors. Get the full list »

Careem Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Careem Former Investors (31)

Investor Name Investor Type Holding Investor Since Participating Rounds
Alpha Partners Venture Capital Minority
Arzan Venture Capital Corporate Venture Capital Minority
BECO Capital Venture Capital Minority
Bild Alternative Investments Venture Capital Minority
Coatue Management PE/Buyout Minority
You’re viewing 5 of 31 investors. Get the full list »

Careem Investments & Acquisitions (13)

Careem’s most recent deal was a Merger/Acquisition with Ezhalha. The deal was made on 13-May-2024.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Ezhalha 13-May-2024 Merger/Acquisition Automotive
Denarii 01-Jul-2022 Merger/Acquisition Financial Software
Munch:on 24-Jun-2022 Merger/Acquisition Other Restaurants, Hotels and Leisure
Elmenus 28-Feb-2022 Later Stage VC Other Restaurants, Hotels and Leisure
Cyacle Bicycle Rental 28-May-2019 Merger/Acquisition Social/Platform Software
You’re viewing 5 of 13 investments and acquisitions. Get the full list »

Affiliates

Subsidiaries (1)

Name Industry Location Year Founded
Ezhalha Riyadh, Saudi Arabia 2014

Careem FAQs

  • When was Careem founded?

    Careem was founded in 2012.

  • Where is Careem headquartered?

    Careem is headquartered in Dubai, United Arab Emirates.

  • What is the size of Careem?

    Careem has 1,400 total employees.

  • What industry is Careem in?

    Careem’s primary industry is Automotive.

  • Is Careem a private or public company?

    Careem is a Private company.

  • What is the current valuation of Careem?

    The current valuation of Careem is .

  • What is Careem’s current revenue?

    The current revenue for Careem is .

  • How much funding has Careem raised over time?

    Careem has raised $774M.

  • Who are Careem’s investors?

    Alpha Partners, Arzan Venture Capital, BECO Capital, Bild Alternative Investments, and Coatue Management are 5 of 31 investors who have invested in Careem.

  • Who are Careem’s competitors?

    Bitaksi, Ola (Automotive), CleverShuttle, MobilityX, and zuzuche.com are some of the 39 competitors of Careem.

  • When was Careem acquired?

    Careem was acquired on 09-Apr-2023.

  • Who acquired Careem?

    Careem was acquired by Emirates Telecommunications Group Company.

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