@careem.com
Careem is a hassle-free, one stop solution for your daily needs.
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About
Description
Careem is a ride-hailing company based in the United Arab Emirates (UAE). It was founded in 2012 by Mudassir Sheikha, Magnus Olsson, and Abdulla Elyas. The company's headquarters is located in Dubai, UAE.
Careem offers a variety of products and services, primarily focused on transportation. Its main service is providing on-demand car rides through its mobile application. Customers can book a ride using the app and choose from various vehicle options, including economy, business, and children-friendly cars.
On a global scale, Careem operates in more than 100 cities across the Middle East, North Africa, Pakistan, Turkey, and Iraq. The company has expanded its services beyond traditional ride-hailing and now offers additional products such as Careem NOW, a food delivery service, and Careem BUS, a bus transportation service. In 2019, Careem became a subsidiary of Uber Technologies Inc., after being acquired in a deal worth $3.
1 billion. This acquisition expanded Uber's footprint in the Middle East and strengthened Careem's position in the market. Despite the acquisition, Careem continues to operate as an independent brand.
Careem is a major player in the ride-hailing industry and holds a strong market position in the Middle East. It competes with Uber in many of its operating regions but has managed to establish itself as a local favorite, thanks to its understanding of the regional market and cultural nuances. Over the years, Careem has achieved several significant milestones.
In 2017, it reached one million bookings per day, highlighting its rapid growth and popularity among consumers. The company has also focused on fostering entrepreneurship and creating job opportunities, particularly for women, by launching initiatives like the Careem Women Captain Program. As of the latest available information, Careem continues to operate as a subsidiary of Uber.
Both brands maintain their separate identities, while also working towards integrating their respective services and technologies. Careem's focus remains on expanding its presence in the Middle East and offering innovative mobility solutions to its customers
Company Type
Privately Held
Company Size
1001-5000
Year Founded
2012
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