Careem

Careem is a Dubai-based super app with operations in over 100 cities, covering 12 countries across the Middle East, Africa, and South Asia regions. The company, which was valued at over billion in 2018, became a wholly-owned subsidiary of Uber after being acquired for $3.1 billion in January 2020. Careem expanded into the food delivery business with Careem Now in November 2018 and launched a digital payment platform, Careem Pay in April 2022. Careem's Super App business was divested by Uber in April 2023 to become a private company again, with e& taking a 50.03% stake, while Uber retains Careem's ride-hailing business. History Careem was founded by Mudassir Sheikha, an American of Pakistani origin, and Magnus Olsson of Sweden, who had both worked as management consultants at McKinsey & Company. It started operating in 2012 as a website-based service for corporate car bookings, and evolved to become a ridesharing company with car hire for everyday use. In 2015, the company acquired a Saudi-based home service company and Abdulla Elyas joined Careem. In 2017, the company announced a program to extend maternity leave and hire more women. In June 2017, Careem launched operations in Palestine as part of a commitment to create one million jobs in the MENA region by the end of 2018. In January 2018, they became the first ride-hailing service to launch in Baghdad. The company also has locations in Najaf and Erbil, Kurdistan Region.