Careem
Startup- Funding stage
- —
- Raised
- $770M Disclosed · not verified
- People
- 3
- Founded
- 2012
Key facts
| Fact | Confidence | Evidence |
|---|---|---|
| HeadquartersUnited Arab Emirates | 1 source | |
| Founded2012 | 1 source | |
| Fundraising statusunknown | no source |
Startup details
Careem is "the everything app" offering services across rides (Taxi, Bike, Car Rental, School Rides), food and dining (Food, DineOut), delivery (Quik, Quik Electronics, Supermarkets, Box, Home Services, Pharmacy, Flowers), and payments (Pay, Donations, Send money).
Funding
| Round | Date | Amount | Confidence |
|---|---|---|---|
| Acquisition | Mar 26, 2019 | $3.1B | |
| Series E+ | Oct 18, 2018 | $200M | |
| Series E+ | Jun 15, 2017 | $150M | |
| Series D | Dec 18, 2016 | $350M | |
| Series C | Nov 10, 2015 | $60M | |
| Series B | Dec 2, 2014 | $10M |
- Mar 26, 2019Acquisition$3.1B
- Oct 18, 2018Series E+$200M
- Jun 15, 2017Series E+$150M
- Dec 18, 2016Series D$350M
- Nov 10, 2015Series C$60M
- Dec 2, 2014Series B$10M
Team
Relationships
Investors
- stc GroupParticipant
- BECO CapitalParticipant
- Endure CapitalParticipant
- Wamda CapitalParticipant
- Kingdom Holding CompanyParticipant
- STVParticipant
- Impulse InternationalParticipant
- CoatueParticipant
Founders & leadership
- Magnus OlssonFounder
- Abdulla ElyasFounder
- Mudassir SheikhaFounder
Related companies
Signals
No signals yet. Monitoring begins after the first source is attached.
Sources
Company updates
No company updates yet.
Related companies
Careem Pay Expands Remittances to Saudi Arabia and Turkiye From the UAE
UAE residents can now send money to Saudi and Turkish bank accounts within minutes via Careem Pay, taking its remittance network to more than 35 countries.
Aug 31, 2026EditorialCareem Winds Down Most Consumer Services in Saudi Arabia, Keeping Only Rides and Bikes
The e&-controlled super app paused quick-commerce and grocery delivery in the Kingdom about a year after launching Careem Market, narrowing scope amid intense competition.
Aug 31, 2026AcquisitionUber Raises Careem Stake to Control as e& Sells 12.5% for $100m
e& sold a 12.5% stake in Careem Technologies to Uber for $100m, cutting its holding to about 37.5% and handing Uber a controlling position in the Dubai-based super-app.
Aug 31, 2026EditorialCareem Super-App Revenue Rises 20% in H1 2026 as Losses Deepen and e& Books It as Discontinued
The Dubai everything-app grows revenue but sinks deeper into the red, and majority owner e& reclassifies it as a discontinued operation.
Aug 31, 2026