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Careem

Careem
2012 FOUNDED
PRIVATE STATUS
201-300 EMPLOYEES
M&A LATEST DEAL TYPE (Announced)
$3.1B LATEST DEAL AMOUNT
24 INVESTORS
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
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Application Software
Other Industries
Automotive
Social/Platform Software
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 26-Mar-2019 $3.1B 00000 00.00 Announced 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 (25)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Ola Venture Capital-Backed Bengaluru, India 0000 00.000 00000000000 00.000
0000 00000000 Venture Capital-Backed Midview City, Singapore 0000 00.00 00000000000 00.00
000000000 Venture Capital-Backed Buenos Aires, Argentina 00 00.00 000000 - 000 00.00
0000 0000000 Venture Capital-Backed Beijing, China 00000 000.00 000000000
0000000000 Formerly PE-Backed New York, NY 000 000000&0
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Careem Investments & Acquisitions (4)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
0-0000 0000 (00000 23-Dec-2018 00000 0000000 Internet Retail 00000000 0000000
000000000 18-Feb-2018 000000000000000000 Information Services (B2C) 000000 00 00000000
0000 17-Jul-2017 0000 00000 00000 Automotive 000000 000000
Enwani 01-Aug-2014 Merger/Acquisition Application Software
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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 Investors (24)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
Contact
Info
Saudi Technology Ventures Venture Capital Minority 000 0000 000000 0
Didi Chuxing VC-Backed Company Minority 000 0000 000000 0
Coatue Management Hedge Fund Minority 000 0000 000000 0
Daimler Mobility Services Other Minority 000 0000 000000 0
DCM Ventures Venture Capital Minority 000 0000 000000 0
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Careem Executive Team (15)

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

8 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

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