Careem is the leading technology platform for the greater Middle East. A pioneer of the region’s ride-hailing economy, Careem has expanded it's services across its platform to include payments, delivery and mass transportation.
Careem designs an online booking platform that connects passengers with local drivers. Its 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, which helps passengers have access to affordable and advantageous transportation.
Careem was founded in 2012 by Mudassir Sheikha and Magnus Olsson - Careem started in Dubai and has since grown to 120 cities across 15 countries and has created more than one million job opportunities in the region.
Careem has been a supporter of Cricket for a Cause for the past two years and has supported the leagues efforts to raise funds for children in developing nations. Moreover, in Pakistan, Careem and Robin Hood Army took initiative to feed more than 10,000 people across the nation.
Careem is the #1 ride-hailing app in MENA, Pakistan & Turkey. In Pakistan, Careem employs women drivers, and 30 percent of its riders are women. Women are also employed as drivers in Egypt and Jordan. In Saudi Arabia, women make up 80 percent of ride-hailing companies' customers.
Careem is backed by leading global companies and investors such as Rakuten, Didi Chuxing, DCM Ventures, Kingdom Holding Company, STV and others. The company has acquired enwani, Savaree, RoundMenu & Commut as well as made a $500K investment in Swvl to date!
Careem was valued at over $2 billion as of 2018, when they secured it's "Series F" funding of a $200M.
Careem was acquired by Uber for a massive $3.1B, in March 2019. The company will become a wholly owned subsidiory of Uber. As part of the deal, Careem maintains an independent brand and operates separately.