About Careem
Careem is a Transportation, Automotive & Logistics company based in Dubai (United Arab Emirates) founded in 2012 by Magnus Olsson and Abdulla Elyas, and was acquired by e& in April 2023. Rides and deliveries are facilitated via a mobile app platform. It operates in the Transportation, Automotive & Logistics, Consumer, and Retail sectors. Careem has raised $771.7 million across 7 funding rounds from investors including Uber, Didi and Rakuten. The company has 6,360 employees. Careem has completed 7 acquisitions, including Commut, Cyacle Bikeshare and Delivery Chacha. Careem was last valued at $1.2 billion in June 2017. Its website careem.com draws about 822 thousand monthly visits. Its focus areas include Road Transport Tech, Ride Hailing, Cars and Taxi.
Company details
An app-based ride-hailing aggregator was founded in 2012 in Dubai, United Arab Emirates. Operations center on enabling users to book rides by submitting location, passenger, and payment details. Additional services include food delivery, mobile recharges, and grocery deliveries. Platforms are available for Android and iOS devices, serving users across the region in the mobility and logistics sector.
- Headquarters Dubai, United Arab Emirates
- Employees 6,360
- Founders Magnus Olsson, Abdulla Elyas
- Stage Acquired
- SectorsTransportation, Automotive & LogisticsConsumer Retail
- Website category Computers Electronics and Technology
- Email••••••••
- Website careem.com
- Social LinkedIn X Facebook Instagram
- Acquired by e& (Apr 2023)
Apps and channels of Careem
Careem publishes 2 mobile apps with over 50M+ downloads.
Funding Insights of Careem
Careem has successfully raised a total of $771.7M across 7 strategic funding rounds. The most recent funding activity was a Series F round of $200 million completed in October 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $771.7M
- Total Rounds 7
- Last Round Series F — $200M
- First Round $1.7M
(Sep 2013)
- Investors Count 28
All 7 funding rounds of Careem with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2018 | $200M | Series F | – | STV | |
| Aug 2017 | Series E | – | Didi | – | |
| Jun 2017 | $150M | Series E | $1.2B | Kingdom Holding Company | |
| Dec 2016 | $350M | Series E | $1B | Saudi Telecom, Rakuten | |
| Nov 2015 | $60M | Series C | – | The Abraaj Group | |
| Dec 2014 | $10M | Series B | – | STC Ventures | |
| Sep 2013 | $1.7M | Seed | – | STC Ventures | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2017 | $1.2B | •••••••• |
| Dec 2016 | $1B | •••••••• |
Full valuation and stage history of Careem
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Last known valuation $1.2B (Jun 2017). 28 investors in total: 28 institutional.
Investors in Careem
Careem has secured backing from 28 investors, including venture fund and institutional investors. Prominent investors backing the company include Uber, Didi and Rakuten.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private investment holding company focusing on a diversified portfolio of business | 1980 | kingdom.com.sa | Riyadh, Saudi Arabia | |
Growth equity is provided for early-stage tech startups by STV. | stv.vc | Riyadh, Saudi Arabia | ||
Tech-focused seed, early, and mid-stage VC investments are made globally. | dcm.com | Menlo Park, United States | ||
Provider of an investment platform for various stages | coatue.com | New York, United States | ||
Private equity investments are managed in emerging markets globally. | abraaj.com | Dubai, United Arab Emirates | ||
Venture capital investments are provided to startups in the Gulf and MENA region. | becocapital.com | Dubai, United Arab Emirates | ||
Early-stage investments are made in tech and offline companies. | endurecap.com | Palo Alto, United States | ||
Expansion-stage VC firm that invests in the US, Middle East and Europe | lumiacapital.com | San Francisco, United States | ||
Venture capital firm focused on technology, fintech, e-commerce, mobility platforms, and multiple sectors | capital.rakuten.com | Setagaya City, Japan | ||
Corporate-backed venture capital firm focused on IT, media, and multiple sectors | stcventures.com | Dubai, United Arab Emirates |
Investor details for Careem
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People of Careem
81 people are tracked at Careem (36 in leadership, 45 in team); the tracked headcount is 6,360.
| Name | Role | Group |
|---|---|---|
Magnus Olsson | Co-Founder & Managing Director | Leadership |
Abdulla Elyas | Co-Founder | Leadership |
Adeeb Warsi | Managing Director | Leadership |
Bassel Al Nahlaoui | Managing Director | Leadership |
Mudassir Sheikha | CEO & Co-Founder | Leadership |
Adem Çolak | Associate Director - Head Of Account Management UAE | Leadership |
Antonio al Asmar | General Manager (uae, Qatar, Kuwait, Bahrain, Jordan, Morocco) | Leadership |
Natalia Dahl | Associate Director Of Legal – Careem Pay And M&a | Leadership |
Mohamed Amer | Marketing Director - Careem Technologies | Leadership |
Tala Siraj | Associate Director - Marketing | Leadership |
Nourhan Farhat | VP Of Strategy & Ventures | Leadership |
Rajesh Iyer | Senior Director | Leadership |
Mahmoud Habboub | Senior Director - Smart Mobility | Leadership |
Zen A. | Legal Director | Leadership |
Muhammad Imran Saleem | Head Of Careem For Business Menap And General Manager Pakistan | Leadership |
Nezar Tadros | Associate Director - Commercial | Leadership |
Sanad al Muhtaseb | Associate Director Of Operations - Jordan & Morocco | Leadership |
Roya Mahfouz | Senior Manager - CEO Office - Everything App Expansion (abu Dhabi, Riyadh) | Leadership |
Palak Kapoor | Associate Director | Leadership |
Saad Qadeer | Associate Director - Commercial & Special Projects | Leadership |
61 more people are available in the full profile.
Complete people profiles for Careem
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Investments & Acquisitions by Careem
Careem has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Commut, Cyacle Bikeshare and Delivery Chacha.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cross-border remittances are facilitated via mobile app for global users. | denarii.com | Dubai, United Arab Emirates | 2002 | Jul 2022 | •••• | |
Short-term bicycle rentals are offered from stations in Abu Dhabi. | bikeshare.ae | Abu Dhabi, United Arab Emirates | 2015 | May 2019 | •••• | |
Mini bus aggregator app | commut.co | Hyderabad, India | 2015 | Sep 2018 | •••• | |
Restaurant discovery and table booking services are offered in Dubai. | roundmenu.com | Dubai, United Arab Emirates | 2010 | Feb 2018 | •••• | |
Concierge delivery service | deliverychacha.com | Karachi, Pakistan | 2014 | Oct 2017 | •••• | |
P2P Carpooling platform | savaree.co | Lahore, Pakistan | 2014 | Mar 2016 | •••• | |
Online food ordering and delivery platform | munchon.com | Dubai, United Arab Emirates | 2015 | •••• |
Complete acquisition details for Careem
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Timeline of Careem
12 dated milestones of Careem across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Careem is founded.
- Funding First funding round of $1.7M.
- Acquisition Acquires Savaree.
- Milestone Reaches Unicorn status.
- Acquisition Acquires Delivery Chacha.
- Acquisition Acquires RoundMenu.
- Acquisition Acquires Commut.
- Funding Latest funding round, Series F, of $200.0M.
- Exit Acquired by Uber.
- Acquisition Acquires Cyacle Bikeshare.
- Acquisition Acquires Denarii.
- Exit Acquired by e&.
Web traffic of Careem
The website of Careem (careem.com) receives about 821.5K visits a month and ranks #60,343 among all websites worldwide, #7,204 in Computers Electronics and Technology.
- Monthly visits821.5K
▲ 10.9% vs previous month
- Unique visitors318.3K
per month
- Global rank#60,343
among all websites
- Category rank#7,204
Computers Electronics and Technology · Computers Electronics and Technology
- Bounce rate40%
- Pages per visit4.3
- Average visit1 min 47 sec
- DevicesDesktop 25% · Mobile 75%
Websites whose visitors overlap most with Careem. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| wamda.com | 100% | 145K | #309,876 | View details | |
| notion.so | 98% | 178.3M | #160 | View details | |
techview.me | techview.me | 94% | – | ||
| bykea.com | 93% | 37.7K | #727,877 | View details | |
| paysky.io | 93% | 65.3K | #476,423 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Careem
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Related news about Careem
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Frequently Asked Questions about Careem
Careem was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Careem is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Careem is a funded company, having raised a total of $771.7M across 7 funding rounds to date. The company's 1st funding round was a Seed of $1.7M, raised on Sep 2013.
Careem has 6,360 employees.
An app-based ride-hailing aggregator was founded in 2012 in Dubai, United Arab Emirates. Operations center on enabling users to book rides by submitting location, passenger, and payment details. Additional services include food delivery, mobile recharges, and grocery deliveries. Platforms are available for Android and iOS devices, serving users across the region in the mobility and logistics sector.
Careem has made 7 acquisitions, including Commut, Cyacle Bikeshare, and Delivery Chacha.
Careem has 28 investors. Key investors include Uber, Didi, Rakuten, Saudi Telecom, and Mercedes-Benz.
The valuation of Careem is $1.2B as of Jun 2017.
Yes. Careem was acquired by e& in April 2023.
Yes. Careem publishes Careem: Rides, Food & more and 1 more app, with over 50 million downloads.
The website of Careem receives about 822 thousand visits a month and ranks #60,343 among all websites worldwide.