 Logo since 2023 [1] | |
| Company type | Private |
|---|---|
| Industry | Technology |
| Founded | 2012 |
| Founders |
|
| Headquarters | Dubai |
Area served | 70+ cities in the Middle East, Africa and Pakistan |
Key people |
|
| Products | Mobile app |
| Services | |
| Parent | Uber and e& (Since 2023) |
| Website | careem |
Careem is a Dubai-based super app with operations in over 70 cities, covering 10 countries across the Middle East, Africa, and South Asia regions.[2] The company, which was valued at over US$2 billion in 2018,[3] became a wholly-owned subsidiary of Uber after being acquired for $3.1 billion in January 2020.[4] Careem expanded into the food delivery business with Careem Now in November 2018,[5] which evolved into Careem Food as well as the rapid grocery delivery service Careem Quik in 2020,[6] and launched a digital payment platform, Careem Pay in April 2022.[7] In April 2023, Careem's Super App business was spun out into a new legal entity, which e& acquired a 50.03% stake in,[8] while Uber maintains full ownership of Careem's ride-hailing business. The Super App currently offers 20 digital services in the UAE including ride-hailing, food, grocery, micromobility, DineOut, and a subscription-based service - Careem Plus, amongst others.[9]
Careem's Super App has been described as a "one-stop-shop for all your daily needs".[10] The Dubai version of the Careem Super App, besides hosting the services provided by Careem itself, hosts offerings "powered" by other players within the local startup ecosystem- for instance, laundry is taken care of by Washmen, and an assortment of home services are covered by Justlife.[10]
- ^ "Careem rolling out 'most significant rebrand' in its history". campaignme.com. Retrieved 2023-05-23.
- ^ Zyl, Gareth van (2024-01-08). "Here is Careem's 2023 by all the numbers and figures". Retrieved 2024-03-21.
- ^ "Mideast ride-hailing app Careem raises $200 million to expand, expects more funds". Bloomberg.com. 2018-02-02. Retrieved 2018-03-08.
- ^ Somerville, Heather; Cornwell, Alexander; Azhar, Saeed (March 26, 2019). "Uber buys rival Careem in $3.1 billion deal to dominate ride-hailing in Middle East". Reuters. San Francisco/Dubai.
- ^ "Careem NOW: Engineering a robust and scalable food delivery application". Monstarlab. 24 November 2020.
- ^ Turak, Natasha (2021-12-09). "Uber-owned Careem gets in on the surging rapid grocery delivery market with UAE launch". CNBC. Retrieved 2024-03-21.
- ^ Tala Michel Issa (21 April 2022). "Careem Pay launches digital wallet for money transfers, withdrawals in UAE". Al Arabiya English.
- ^ Barrington, Lisa (2023-04-10). "UAE's e& takes $400 million majority stake in ride-hailer Careem's Super App". Reuters. Retrieved 2023-06-24.
- ^ "From burgers to bikes: Careem announces major 2023 highlights".
- ^ a b Thomas, Aby Sam (2023-07-11). "Fueling Up: Careem's Entrepreneurial Journey Is Back On, Says Co-Founder And CEO Mudassir Sheikha". Entrepreneur. Retrieved 2024-03-21.
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