What is Careem's business focus and history?
Careem is a funded company based in Dubai (United Arab Emirates), founded in 2012 by Mudassir Sheikha, Magnus Olsson, and Abdulla Elyas. It operates as a technology company offering services like ride-hailing, food and grocery delivery, and digital payments. Careem has raised significant funding, including a $3.1 billion acquisition by Uber in 2019 and a $400 million investment by e& in 2023. The company has 3 active competitors, including 2 funded and 1 that have exited. Its top competitors include companies like Uber, Lyft, and Grab.
Careem Corporate Details & Core Services
Careem is building the Everything App for the greater Middle East, offering services like ride-hailing, food and grocery delivery, and digital payments. Founded in 2012, it operates in over 70 cities across 10 countries from Morocco to Pakistan.
Careem Contact Information & Official Links
What are Careem's Key Business Metrics & Stats?
No of employees 5583
Founded year 2012
Type private
SAICS CODE 4121
NAICS Code 485310
Industry Technology
Location Dubai, Dubai, United Arab Emirates
Parent Company uber.com
Pricing Strategy Pay-per-use, Subscription-based
Careem
Firmographic Snapshot
2026
2012
Founded Year
5583
Global Employees
United Arab Emirates
Headquarters
Technology Industry
Private
Type
Verified by
DexterAgent.ai
How much funding has Careem raised to date?
Name
Description
Funding Amount
USD 1.7 Million
Stage
Seed
Latest Valuation
3.1 Billion (USD)
Lead Investor
STC Ventures
Investors
STC Ventures, Angel Investors
What are Careem's Core Products?
Name
Description
Careem Ride
Ride-hailing service connecting users with drivers.
Careem Food
Food delivery service from local restaurants.
Careem Pay
Digital wallet for payments and money transfers.
Careem Bike
Bicycle-sharing service in select cities.
What are the latest developments at Careem?
Date
Type
Description
April, 2023
Investment
e& acquires 50.03% stake in Careem's Super App for $400 million.
March, 2019
Acquisition
Uber acquires Careem for $3.1 billion.
Careem VS Uber VS Lyft VS Grab : 2026 Comparison
Feature
Careem
Uber
Lyft
Grab
Core Strengths Careem Ride, Careem Food, Careem Pay, Careem Bike
Uber Rides, Uber Eats, Uber Freight, Uber Health, Uber for Business
Ridesharing, Bike-sharing, Scooter-sharing
GrabFood, GrabPay, GrabExpress, GrabMart, GrabRides
Founded Year 2012
2009
2007
2012
Stock Name/Ticker UBER (NYSE)
LYFT (NASDAQ)
GRAB (NASDAQ)
Type private
public
public
public
Global Employees 5583
31100
2934
11000
Revenue (Annual) $500 Million(2025)
$43.9 Billion(2024)
$6.3 Billion(2025)
$12.5 Billion(2020)
Headquarters Dubai, Dubai, United Arab Emirates
San Francisco, California, United States
San Francisco, California, United States
Singapore, Singapore
Latest Valuation $3.1 Billion
$153.7 Billion
$24.3 Billion
$39.6 Billion
LATEST REVENUE (TRILLIONS USD)
EMPLOYEE COUNT (THOUSANDS)
INNOVATORS
VISIONARIES
DISRUPTORS
GIANTS
Uber
43.9 | 31100
Lyft
6.3 | 2934
Grab
12.5 | 11000
Competitive Landscape 2026
DexterAgent.ai
What are Careem's official legal and registration details?
Name
Description
Legal Name
Careem Networks FZ-LLC
Cin number
GST number
Registration number
Who is in Careem's executive leadership team?
Name
Designation
CEO
Mudassir Sheikha
Co-Founder and Chief Product Architect
Magnus Olsson
Co-Founder
Abdulla Elyas
Where are Careem's primary office locations?
City
Country
Dubai
United Arab Emirates
Riyadh
Saudi Arabia
Cairo
Egypt
Karachi
Pakistan
What are the current business signals and market intelligence for Careem?
Spending next 3 months
Technology development, Market expansion, Service diversification
Pain points
Regulatory challenges, Market competition, Operational scalability
Sales motion
Direct-to-Consumer, Business-to-Business
Buyer Persona
Urban commuters, Food delivery users, Digital payment users
Type of customer
Individuals, Businesses
Key customer domain
uber.com
Annual ACV
$100,000+
What is Careem's annual revenue history?
Year
Revenue (USD)
2025
500 Million
What are Careem's risk management and compliance ratings?
GDPR RIsk
Yes
Privacy Risk
Yes
Company Ratings
4
Glassdoor Rating
4
Saas
Yes
Offline Stores
No
Service
Yes
Ecommerce
Yes
Exporter
No
Mobile App
Yes
Retail
No
B2B
Yes
B2C
Yes
Manufacturing
No
Wholesale
No
Importer
No
