Careem Overview

  • Founded
  • 2012
Founded
  • Status
  • Acquired/​Merged
  • Employees
  • 1,300
Employees
  • Latest Deal Type
  • M&A
  • Latest Deal Amount
  • $3.1B
Latest Deal Amount

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
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 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
1,300 As of 2020
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0000000000
Istanbul, Turkey
00 As of 0000
000
000 0000-00-00
00000000000 000

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0000000000
Guangzhou, China
000 As of 0000
0000
00000000000 0000
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Careem Competitors (49)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Bitaksi Mobil Teknoloji Venture Capital-Backed Istanbul, Turkey 00 000 00000000000 000
0000000.000 Venture Capital-Backed Guangzhou, China 000 0000 00000000000 0000
00000 (00000000) Formerly Angel backed Paris, France 00 000.00 000000&0 000.00
000000000 Venture Capital-Backed London, United Kingdom 00 00.00 000000000000 00.00
0000 Venture Capital-Backed Singapore, Singapore 00000 000.00 000000000
You’re viewing 5 of 49 competitors. Get the full list »

Careem Executive Team (18)

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
Junaid Iqbal Managing Partner
Ankur Shah Chief Finance and Strategy Officer
You’re viewing 5 of 18 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
To view Careem’s complete board members history, request access »

Careem Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %ile
-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 (26)

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
Coatue Management Hedge Fund Minority 000 0000 000000 0
DCM Ventures Venture Capital Minority 000 0000 000000 0
You’re viewing 5 of 26 investors. Get the full list »

Careem Investments & Acquisitions (8)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
000000 0000000 000 28-May-2019 000000000000000000 Social/Platform Software 000000 000000
000 00000000 01-May-2019 00000 000.00 Electronic Equipment and Instruments
0-0000 0000 (00000 23-Dec-2018 00000 0000000 Internet Retail 00000000 0000000
000000 24-Sep-2018 000000000000000000 Application Software 00000000 0000000
RoundMenu 18-Feb-2018 Merger/Acquisition Information Services (B2C) 000000 00 00000000
You’re viewing 5 of 8 investments and acquisitions. Get the full list »

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Careem Subsidiaries (1)

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

Careem Exits (1)

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