Careem

Careem

Ride-hailing, food delivery, and digital payments

About

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 user-friendly 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 combines multiple services in one app, fostering customer loyalty and engagement. 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 provide convenient solutions for daily needs while enhancing its reputation through social responsibility.

Company Stage

Acquired

Employees

5,001-10,000

Industries

Automotive & Transportation, Fintech, Consumer Goods

Total Funding

$752.3M

Headquarters

Dubai, United Arab Emirates

Founded

2012


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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.

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Growth & Insights
Headcount

6 month growth

0%

1 year growth

3%

2 year growth

0%

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.

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