Careem

Careem

Ride-hailing, food delivery, and payments platform

About Careem

Simplify's Rating
Why Careem is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Differentiation

Industries

Automotive & Transportation

Fintech

Consumer Goods

Company Size

5,001-10,000

Company Stage

Acquired

Total Funding

$4.3B

Headquarters

Dubai, United Arab Emirates

Founded

2012

Overview

Careem provides a variety of services aimed at simplifying everyday life for individuals and small businesses in the Middle East, North Africa, and South Asia. Its main offerings include ride-hailing, food delivery, and digital payment solutions, all accessible through a single app. Users can book rides, order food from local restaurants, and make digital payments, while Careem earns revenue through commissions, delivery fees, and transaction charges. What sets Careem apart from its competitors is its comprehensive platform that addresses multiple needs, fostering customer loyalty and engagement. Additionally, Careem empowers over a million individuals to earn income by becoming drivers, known as Captains and Captinahs, contributing positively to the local economy. The company's goal is to leverage technology to provide convenient solutions for daily needs while enhancing its reputation through social responsibility.

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Simplify's Take

What believers are saying

  • Careem's expansion into Abu Dhabi increases its grocery delivery market share.
  • Partnership with Payrails enhances financial infrastructure, reducing costs and improving user experience.
  • Uber's exit from Pakistan allows Careem to strengthen its market position there.

What critics are saying

  • Local startups like Swvl pose competitive threats in the Middle East and North Africa.
  • Regulatory challenges in South Asia could impact Careem's operations, especially in Pakistan.
  • Careem Pay's expansion faces competition and regulatory hurdles in new markets like the Philippines.

What makes Careem unique

  • Careem offers a multi-service platform including ride-hailing, food delivery, and digital payments.
  • The company empowers over a million people to earn income as Captains and Captinahs.
  • Careem's partnerships, like with Bustanica, enhance its service offerings and market reach.

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Funding

Total Funding

$4273.4M

Above

Industry Average

Funded Over

7 Rounds

Notable Investors:
Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Benefits

Relocation allowance - We’ll help you make the big move by providing you with an adequate relocation allowance.

Feel at home - We’ll provide you with a “Get settled in Berlin” guide where you can track your own status.

Health insurance - We’ll help you find a health insurance company for your needs, and assist you with the sign up.

A place to stay - We provide you contact and correspondence with furnished apartment providers, as well as helpful tips regarding the real estate market

Supporting all visa related correspondence - Paperwork sucks! Let us help you. We’ll support you with all visa related correspondence.

All the other stuff - We’ll arrange your first appointment at the city council for registration and help you through where and how to receive your Social ID and Tax Number etc. We’ll even give you advice on the best mobile providers and banks.

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
TechX
Apr 30th, 2025
Careem honoured with an Effie Award

Careem honoured with an Effie Award.

Daily Pakistan
Apr 29th, 2025
Careem Receives Effie Award for Innovative Campaign

The Effie Awards, recognized for celebrating marketing ideas that achieve measurable results, acknowledged Careem's ability to craft campaigns that connect with customers and drivers, known as Captains, across the country.

CodKnox
Mar 25th, 2025
How Much Does It Cost to Develop a Taxi Booking App Like Careem?

How much does it cost to develop a taxi booking app like Careem?

Biz Today
Mar 13th, 2025
Careem Partners with Islamic Relief to enable in-app donations

Careem partners with Islamic Relief to enable in-app donations.

The Arabian Post
Feb 25th, 2025
Careem and Bustanica Collaborate to Supply UAE with Fresh, Pesticide-Free Produce

Careem, the region's leading multi-service platform, has announced a partnership with Bustanica, the world's largest vertical farm, to deliver fresh, pesticide-free produce directly to customers across the United Arab Emirates.

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