Fueling Up: Careem's Entrepreneurial Journey Is Back On, Says Co-Founder And CEO Mudassir Sheikha

"I truly feel that we have a once-in-a-lifetime chance to use this opportunity, use the starting point we now have at Careem, to leave the region with a Google or Amazon type of institution that's going to outlast us, and many people after us."

News and Trends

UAE-Based e& Invests US$400 Million To Acquire A Majority Stake In UAE-Born Careem's Super App Business

With this new investment, Careem plans to accelerate the realization of its ambitious vision to create the first "everything app" serving customers across the Middle East.

News and Trends

Another Day, Another Acquisition: Careem Buys Dubai-Based Money Transfer Platform, Denarii

A fintech enterprise, Denarii was launched in 2019 by Jon Santillan and Walfrido Perez as a platform that integrates fintech companies and financial institutions with remittance aggregators, banks, exchanges, and wallets globally.

News and Trends

UAE-Based Super App Careem Acquires Dubai-Born Food Delivery Subscription Platform, MUNCH:ON

The Careem Food and MUNCH:ON teams will work together to introduce low-cost meal segments that the latter has pioneered in the region, as well as new food discovery and delivery options for corporates.

Growth Strategies

The Ride Continues: How Careem's Culture Fueled The "Careem Cartel"

Careem alumni are poised to play an active role in helping shape the next wave of technology and entrepreneurship growth in the region.


Careem's Exit Is A Great Moment For MENA VC, But The Ecosystem Still Has Gaps

While we all applaud Careem's recent announcement, I hope that big acquisitions don't distract us from the work that still needs to be done to improve our venture capital and entrepreneurial ecosystem.

News and Trends

"The UAE Has Come Of Age In Terms Of Tech Prowess" - Muna Al Gurg, The Only Emirati Investor In Careem, On The Company's Acquisition By Uber

As the only individual Emirati shareholder in Careem, Al Gurg, who's the Director of Retail at Easa Al Gurg Group, has been hailed for her role in enabling the creation of the Middle East's biggest ever tech success story.

News and Trends

Why Uber is Buying its Middle East Rival Careem for $3.1 Billion

The move has come after Uber recorded heavy losses last year ahead of its plans for an initial public offering

News and Trends

A Milestone For the MENA Startup Ecosystem: Uber Acquires Careem For US$3.1 Billion

The deal will see Careem becoming a wholly owned subsidiary of Uber, though Careem will continue to operate independently under the leadership of current CEO and co-founder Mudassir Sheikha.

News and Trends

What Made Dubai's Careem Get Interested in This Indian Startup?

Careem has an India connection - it recently acquihired Hyderabad-based Commut

Growth Strategies

Driving Growth: Careem's Zach Finkelstein On His Company's Market Potential

Careem has appointed the co-founder of Silicon Valley-based investment firm Lumia Capital, Zach Finkelstein, as its Vice President of Corporate Development to help drive this stage of the business' trajectory.

News and Trends

Chinese Ride-Hailing Giant Didi Chuxing Invests In Careem

The Middle East (and global) ride-hailing technology space has taken an exciting turn as the Dubai-headquartered Careem announced a strategic partnership with Chinese ride-hailing giant Didi Chuxing.


Careem Backs Egypt-Based Transportation Startup Swvl With Seed Funding

As per a statement on the seed funding, Swvl proposes to utilize the investment to "expand into new cities and markets, as well as roll out new product features within its app, including new payment options."


Careem Users Will Now Be Able To Book A Ride Through Apple's Siri

Local cab service Careem has struck a partnership with Apple which allows its app to be integrated with Siri.