When was Careem founded?

Careem was founded in 2012 and raised its 1st funding round 1 year after it was founded.

Where is Careem located?

Careem is headquartered in Dubai, United Arab Emirates.

How many employees does Careem have?

As of Sep 30, 2026, the latest employee count at Careem is 6360.

Is Careem a funded company?

Careem is a funded company, having raised a total of $772M across 7 funding rounds to date. The company's 1st funding round was a $1.7M Seed round, raised on Sep 09, 2013.

How much is Careem worth?

The last known valuation of Careem was $1.2B as of Jun 15, 2017.

When was the latest funding round of Careem?

Careem's latest funding was a $200M Series F round on Oct 18, 2018, with participation from 4 investors.

Is Careem a Road Transport Tech company?

The primary sectors of Careem are Road Transport Tech and Horizontal E-Commerce.

Where does Careem rank among its competitors?

Careem ranks 4th amongst 373 active competitors, of which 14 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was MAX, which secured $29M in Oct, 2026.

Who are the top competitors of Careem?

Careem's top competitors include Bolt, Blacklane and Gozem. Among them, MAX secured the most recent funding round in October, 2026.

Careem - 2026 Company Profile, Team, Funding & Competitors

Q: Is Careem an acquired company?

Careem got acquired by e& on Apr 10, 2023.

Careem is an acquired company based in Dubai (United Arab Emirates), founded in 2012 by Magnus Olsson, Abdulla N Elyas and Clemence Dutertre. It operates as an App-based ride-hailing aggregator. Careem has raised $772M in funding from investors like STC Ventures, Rakuten and The Abraaj Group, with last known valuation of $1.2B. The company has 373 active competitors, including 14 funded and 7 that have exited. Its top competitors include companies like Bolt, Blacklane and Gozem.

Sectors and market segments that Careem operate in

Careem serves in the Travel and Hospitality Tech, Auto Tech, Transportation and Logistics Tech, Retail market segments.The primary business model of Careem are:

Company Details

App-based ride-hailing aggregator. Users can book rides by providing location, passenger details, payment details, and more. The platform also offers services like food delivery, recharge services, grocery delivery services, and more. Apps are available for Android and iOS users.

Website: www.careem.com/
Social
Email ID: *****@careem.com

Key Metrics

Founded Year

2012

Location

Dubai, United Arab Emirates

Stage

Acquired

Total Funding

$772M in 7 rounds

Latest Funding Round

Series F, Oct 18, 2018, $200M

Last Known Valuation

$1.2B as on Jun 15, 2017

Investors

STC Ventures & 27 more

Ranked

4^th among 373 active competitors

Employee Count

6,360 as on Sep 30, 2026

Investment & Acquisitions

Swapp & 9 more

Similar Companies

Lyft & 4918 more

Exit Details

Acquired by e& (Apr 10, 2023)

View Careem's full profile

Careem got acquired by e& on Apr 10, 2023 at an acquisition amount of $*****.

Click here to take a look at Careem's acquisition in detail

Careem has raised a total funding of $772M over 7 rounds. Its first funding round was on Sep 09, 2013. Its latest funding round was a Series F round on Oct 18, 2018 for $200M. 4 investors participated in its latest round. Careem has 28 institutional investors.

Here is the list of recent funding rounds of Careem:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 18, 2018	$200M	Series F	-	-	STV	Kingdom Holding Company, Rakuten, Al Tayyar Travel Group
Aug 08, 2017	Undisclosed	Series E	-	-	DiDi	-
Jun 14, 2017	$150M	Series E	$1.2B	-	Kingdom Holding Company	DCM Ventures, Coatue, Mercedes-Benz

Access funding benchmarks and valuations. Sign up today!

View details of Careem's funding rounds and investors

The founders of Careem are Magnus Olsson, Abdulla N Elyas and Clemence Dutertre.

Here are the details of Careem's key team members:

Magnus Olsson: Co-Founder & Managing Director of Careem. They are also an angel investor in 5 startups.
Abdulla N Elyas: Co-Founder of Careem. They are also an angel investor in 4 startups.
Clemence Dutertre: CEO and Founder of Hala of Careem.

View details of Careem's Founder profiles and Board Members

Careem's employee count trend

Careem has 6,360 employees as of Sep 26. Here is Careem's employee count trend over the years:

Uncover Careem's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Careem include Bolt, Blacklane and Gozem. Here is the list of Top 10 competitors of Careem, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Bolt 2013, Tallinn (Estonia), Series F	Provider of ride-hailing, car-sharing, micromobility, food, and grocery delivery services	$1.98B	Sequoia Capital, Naya Capital Management UK ... & 137 others	80/100
2nd	Blacklane 2011, Berlin (Germany), Acquired	Provider of chauffeur services including airport transfers and city-to-city rides	$127M	Mercedes-Benz, Al Fahim Group & 21 others	79/100
3rd	Gozem 2018, Lome (Togo), Series B	Operator of digital platforms for transportation delivery and financial services	$48.5M	IFC, Liil Ventures & 21 others	79/100
4th	Careem 2012, Dubai (United Arab Emirates), Acquired	App-based ride-hailing aggregator	$772M	Kingdom Holding Company, Kuwait Investment Authority ... & 26 others	78/100
5th	Gett 2010, London (United Kingdom), Acquired	App-based ride-hailing platform	$1.02B	Volkswagen Group, Access Industries & 13 others	76/100
6th	Baly 2021, Baghdad (Iraq), Seed	App-based platform offering ride-hailing and on-demand delivery services	$10.5M	MSA Novo, Global Founders Capital & 6 others	57/100
7th	Dubai Taxi Corporation 1995, Dubai (United Arab Emirates), Unfunded	App-based ride-hailing platform	-	-	57/100
8th	WTI 2009, Delhi (India), Public	Provider of vehicle transfer and tech enabled solutions	-	-	54/100
9th	MAX 2015, Lagos (Nigeria), Series B	App-based platform offering taxi-hailing services	$53M	London Technology Club, Endeavor & 4 others	54/100
10th	Jeeny 2014, Riyadh (Saudi Arabia), Funding Raised	Operator of a network providing on-demand transportation services to end-users	-	Rocket Internet, iMENA Group	54/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on Careem's competitors? Click here to see the top ones

Careem has made 3 investments in companies including Swapp and elmenus. Careem has also acquired 7 companies including Denarii and MUNCH:ON.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Oct 03, 2025	Investments	Swapp	2020	Dubai (United Arab Emirates)
Jul 01, 2022	Acquisition	Denarii	2002	Dubai (United Arab Emirates)
Jun 24, 2022	Acquisition	MUNCH:ON	2015	Dubai (United Arab Emirates)