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Careem

Careem
2012 FOUNDED
M&A STATUS
201-300 EMPLOYEES
M&A LATEST DEAL TYPE
$3.1B LATEST DEAL AMOUNT
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.

Website
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Primary Industry
Application Software
Other Industries
Automotive
Social/Platform Software
Parent Company
Primary Office
  • 4004, Shatha Tower
  • Dubai Media City
  • Dubai United Arab Emirates
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Careem Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
8. Merger/Acquisition 02-Jan-2020 $3.1B 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 C) 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
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Careem Competitors (53)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Ola Venture Capital-Backed Bengaluru, India 0000 00.000 000000000000 00.000
0000 Venture Capital-Backed Tallinn, Estonia 000 00000 000000000 00000
0000000.000 Venture Capital-Backed Guangzhou, China 000 0000 00000000000 0000
00000 Formerly Angel backed Paris, France 00 000.00 000000&0 000.00
000 (0000000000) Venture Capital-Backed New York, NY 000 00000 0000000000 0 00000
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Careem Investments & Acquisitions (6)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
0-0000 0000 (00000 23-Dec-2018 00000 0000000 Internet Retail 00000000 0000000
000000 24-Sep-2018 000000000000000000 Application Software 00000000 0000000
000000000 18-Feb-2018 000000000000000000 Information Services (B2C) 000000 00 00000000
0000 17-Jul-2017 0000 00000 00000 Automotive 000000 000000
Savaree 30-Mar-2016 Merger/Acquisition Automotive 000000 00000
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Careem Subsidiaries (1)

Company Name Industry Location Founded
000000000 Information Services (B2C) United Arab Emirates 0000
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Careem Former Investors (26)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
Contact
Info
Al Tayyar Travel Group Corporation Minority 000 0000 000000 0
Alpha Venture 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
Coatue Management Hedge Fund Minority 000 0000 000000 0
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Careem Executive Team (17)

Name Title Board
Seat
Contact
Info
Magnus Olsson Co-Founder, Chief Experience Officer & Managing Director
Mudassir Sheikha Co-Founder, Board Member & Chief Executive Officer
Bassel Al Nahlaoui Vice President, Business Development & Government Relations & Managing Director, UAE
Junaid Iqbal Managing Partner
Abdulla Elyas Ph.D Co-Founder

9 Former Executives

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Careem Board Members (3)

Name Representing Role Since Contact
Info
Mudassir Sheikha Careem Co-Founder, Board Member & Chief Executive Officer 000 0000
Oskar Mielczarek de la Miel Rakuten Capital Board Member 000 0000

1 Former Board Member

You’re viewing 2 of 3 board members. Get the full list »