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Careem is a Dubai-based super app with operations in over 70 cities, covering 10 countries across the Middle East, Africa, and South Asia regions. [2] The company, which was valued at over US$2 billion in 2018, [3] became a wholly-owned subsidiary of Uber after being acquired for $3.1 billion in January 2020. [4]
Careem operates in over 70 cities across 10 countries, from Morocco to Pakistan. In 2019, we were acquired by Uber for $3.1 billion USD , solidifying our position as the biggest unicorn in the Middle East and providing new opportunities for startups in the region.
Uber (NYSE: UBER) today confirmed the official close of the previously announced acquisition of Careem for $3.1 billion. Careem Networks FZ-LLC has become a wholly-owned subsidiary of Uber, preserving its brand.
Apr 29, 2022 · From the moment that Mudassir Sheikha and Magnus Olsson first decided to launch their own start-up in the Middle East, they knew they wanted to build something both “big and meaningful.” Almost a decade into their journey with Careem, they are succeeding beyond the wildest expectations—on both counts.
Apr 10, 2023 · Emirates Telecommunications reached an agreement with Uber to buy a 50.03% stake in the new company called Careem Technologies.
Mudassir Sheikha is the co-founder and CEO of Careem, MENA’s leading car booking service that is based out of Dubai and operates from Morocco to Pakistan. Prior to Careem, Mudassir was an Associate Partner at McKinsey & Company, where he advised clients on strategy and business building.
Mudassir Sheikha is the co-founder and CEO of Careem. He grew up in Karachi, Pakistan, before graduating from the University of Southern California with a degree in economics and computer...
