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About Careem
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.
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
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
↑ 0%1 year growth
↑ 0%2 year growth
↑ 0%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.
How much does it cost to develop a taxi booking app like Careem?
Careem partners with Islamic Relief to enable in-app donations.
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.
Careem is Hiring for 28 Jobs on Simplify!
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
$4.3B
Headquarters
Dubai, United Arab Emirates
Founded
2012
Careem is Hiring for 28 Jobs on Simplify!
Find jobs on Simplify and start your career today