Careem

About

Careem develops an app that helps commuters in Dubai find cars for hire.

Dubai,Dubai,United Arab Emirates
1001 - 5000
http://careem.com

Highlights

Details

Last Funding Type: Series D
Last Funding Money Raised: $350M
Industries: Customer Service,Logistics,Public Transportation,Ride Sharing,Transportation
Founded date: Jun 15, 2012
Number Of Employee: 1001 - 5000
Operating Status: Active
Legal Name: Careem Networks FZ LLC
Also Known As: Careem Networks

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.

Abdulla Elyas, Magnus Olsson, and Mudassir Sheika founded Careem on June 15, 2012, with its headquarters in Dubai in the United Arab Emirates.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

7

$771.70M

Careem has raised a total of $771.70M in funding over 2 rounds. Their latest funding was raised on Oct 18, 2018 from a Series F round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Oct 18, 2018	Series F	$200M	4	Kingdom Holding Company	—	Detail
Aug 8, 2017	Corporate Round	—	1	Didi	—	Detail
Jun 14, 2017	Series E	$150M	7	Kingdom Holding Company	—	Detail
Dec 19, 2016	Series D	$350M	11	Rakuten Saudi Telecom Company	—	Detail
Nov 10, 2015	Series C	$60M	8	Abraaj Group	—	Detail

Investments

Number of Investments

Number of Lead Investments

3

2

Careem has made 3 investments. Their most recent investment was on Apr 6, 2022, when Qureos raised $3M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Apr 6, 2022 Qureos	Pre-seed	$3M	Communities	—
Feb 28, 2022 elmenus	Corporate Round	—	Ediscovery	Yes
Jul 17, 2017 Swvl	Seed	$500K	Internet	Yes

Investors

Number of Lead Investors

Number of Investors

7

22

Careem is funded by 22 investors. Kingdom Holding Company and Didi are the most recent investors.

Investor Name	Lead Investor	Funding Round
Kingdom Holding Company	Yes	Series F
Didi	Yes	Corporate Round
Saudi Telecom Company	Yes	Series D
Rakuten	—	Series F
Seera	—	Series F
STV	—	Series F
Coatue	—	Series E
DCM Ventures	—	Series E
Endure Capital	—	Series E
Greyhound Capital	—	Series E

Employee Profiles

Number of Employee Profiles

21

Careem has 21 current employee profiles, including Board member Angus Paterson

Board member

Employee

Executive

Advisor

Employee

Exits

Careem has had 1 exits. Careem most notable exits include Swvl

Date	Company Name	Exit Type	Industry
Apr 1, 2022	Swvl	IPO	Internet	Detail

Acquisition

Careem has acquired 7 organizations. Their most recent acquisition was enwani on Jan 6, 2015. They acquired enwani for 0.

Date Company Name	Industry	Acquisition Type	Price
Jan 6, 2015 enwani	Information Services	acquisition	—	Detail
Mar 30, 2016 Savaree	Apps	acquisition	—	Detail
Feb 18, 2018 RoundMenu	Hospitality	acquisition	—	Detail
Sep 24, 2018 Commut	Information Technology	acquisition	—	Detail
May 28, 2019 Cyacle	Transportation	acquisition	—	Detail