Work Here?
About Careem
Industries
Automotive & Transportation
Fintech
Consumer Goods
Company Size
5,001-10,000
Company Stage
Acquired
Total Funding
$752.3M
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 in one place, fostering customer loyalty. Additionally, Careem empowers 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.
Simplify's Take
What believers are saying
- Careem Groceries' expansion to Abu Dhabi captures a larger market share in e-commerce.
- Partnership with Payrails enhances payment efficiency, boosting customer retention across MENA.
- SOS button introduction improves user trust, addressing safety concerns effectively.
What critics are saying
- Local ride-hailing competition in MENA could erode Careem's market share.
- Regulatory challenges in South Asia may impact Careem's operations and profitability.
- Careem Pay's international remittance expansion exposes it to financial compliance risks.
What makes Careem unique
- Careem offers a multifaceted platform with ride-hailing, food delivery, and digital payments.
- The company empowers over a million people to earn income as Captains and Captinahs.
- Careem's expansion into remittances taps into the lucrative expat market in the UAE.
Help us improve and share your feedback! Did you find this helpful?
Funding
Total Funding
$752.3M
Above
Industry Average
Funded Over
7 Rounds
Coatue ManagementBenefits
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
6 month growth
↓ -1%1 year growth
↑ 0%2 year growth
↑ 0%Careem Groceries expands to Abu Dhabi.
Careem Pay expands remittances with near-instant transfers To the Philippines.
Payrails has partnered with Careem, the region's multi-service app, to facilitate payments for Careem's services, including ride-hailing, food and grocery delivery, bill payments, domestic and international transfers, and more.
In 2019, Uber had acquired its rival Careem for USD 3.1 billion.
Careem Pay launches international remittance to the UK.
There are no jobs for Careem right now.
Find jobs on Simplify and start your career today
About Careem
Industries
Automotive & Transportation
Fintech
Consumer Goods
Company Size
5,001-10,000
Company Stage
Acquired
Total Funding
$752.3M
Headquarters
Dubai, United Arab Emirates
Founded
2012
There are no jobs for Careem right now.
Find jobs on Simplify and start your career today