Careem Overview
- Year Founded
-
2012

- Status
-
Acquired/Merged
- Employees
-
1,400

- 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(Operating Subsidiary)
Corporate Office
- Al Shatha Tower 4004
- Al Falak Street Al Sufouh, Jumeirah Beach Road
- Dubai United Arab Emirates
Corporate Office
- Al Shatha Tower 4004
- Al Falak Street Al Sufouh, Jumeirah Beach Road
- Dubai United Arab Emirates
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 |
Careem Comparisons
Industry
Financing
Details
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 |
Careem Signals
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 |
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 |
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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