Careem develops an app that helps commuters in Dubai find cars for hire.
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.
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 |
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 |
Careem has had 1 exits. Careem most notable exits include Swvl
Date | Company Name | Exit Type | Industry | |
---|---|---|---|---|
Apr 1, 2022 | Swvl | IPO | Internet | Detail |
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 |