Careem - About the company
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 612 active competitors, including 37 funded and 27 that have exited. Its top competitors include companies like Uber, Deliveroo and Glovo.
Sectors and market segments that Careem operate in
Careem serves in the Travel and Hospitality Tech, Auto Tech, Transportation and Logistics Tech, Food and Agriculture Tech 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
Last Known Valuation
$1.2B as on Jun 15, 2017
Investors
Ranked
9th among 612 active competitors
Employee Count
6,380 as on Aug 31, 2026
Exit Details
Acquired by e& (Apr 10, 2023)
Careem's acquisition details
Click here to take a look at Careem's acquisition in detail
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Careem's funding and investors
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
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 18, 2018 | $200M | Series F | - | - | ||
Aug 08, 2017 | Undisclosed | Series E | - | - | - | |
Jun 14, 2017 | $150M | Series E | $1.2B | - |
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Careem's founders and board of directors
Founder? Claim ProfileHere 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: VP of Marketing and Customer of Careem.
View details of Careem's Founder profiles and Board Members
Careem's employee count trend
Careem has 6,380 employees as of Aug 26. Here is Careem's employee count trend over the years:
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Careem's Competitors and alternates
Top competitors of Careem include Uber, Deliveroo and Glovo. Here is the list of Top 10 competitors of Careem, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Uber 2009, San Francisco (United States), Public | Network providing on-demand transportation, delivery, and business management solutions | $13.2B | 89/100 | |
2nd |  Deliveroo 2013, London (United Kingdom), Acquired | Operator of an online marketplace connecting consumers with local merchants | $2.95B | 86/100 | |
3rd | Operator of an online platform for on-demand delivery services | $1.16B | 86/100 | ||
4th | Delivery Hero 2010, Berlin (Germany), Public | Platform offering food ordering and delivery services | $1.8B | 83/100 | |
5th | Operator of a platform facilitating delivery of food and other items | $860M | 80/100 | ||
6th | Gett 2010, London (United Kingdom), Acquired | App-based ride-hailing platform | $1.02B | 79/100 | |
7th | Provider of ride-hailing, car-sharing, micromobility, food, and grocery delivery services | $1.98B | 79/100 | ||
8th | Operator of digital platforms for transportation delivery and financial services | $48.5M | 78/100 | ||
9th |  Careem 2012, Dubai (United Arab Emirates), Acquired | App-based ride-hailing aggregator | $772M | 77/100 | |
10th | Provider of chauffeur services including airport transfers and city-to-city rides | $127M | 75/100 |
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Careem's Investments and acquisitions
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
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Oct 03, 2025 | Investments | 2020 | Dubai (United Arab Emirates) | |
Jul 01, 2022 | Acquisition | 2002 | Dubai (United Arab Emirates) | |
Jun 24, 2022 | Acquisition | 2015 | Dubai (United Arab Emirates) |
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Reports related to Careem
Here is the latest report on Careem's sector:
News related to Careem
Filter this listMedia has covered Careem for a total of 17 events in the last 1 year, 7 of them have been about company updates and 4 about partnerships.
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Delivery Hero marks eleventh day of gains as potential takeoverStock Screener•May 25, 2026•Delivery Hero, Uber, Prosus, Careem
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Careem DineOut Named Exclusive Booking Partner for Dubai Restaurant WeekAlBawaba•Apr 24, 2026•Careem
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Adidas Serves Pasta Before Dubai Marathon Via Sagra and Careem CollaborationGulf Business•Jan 31, 2026•adidas, Careem
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Careem Reflects on 2025: Expansion, New Services, and Regional ImpactTahawulTech.com•Dec 29, 2025•Careem
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Careem Pay expands remittance network, adding Canada and BangladeshGulf Business•Dec 15, 2025•Careem
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Hala expands to Fujairah in partnership with emirate’s transport corporationArabian Business•Nov 06, 2025•Hala, Careem
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Stream Secures $4M to Revolutionize Business Payments in MENA, Led by Outliers VCTech Labari•Nov 03, 2025•Outlier Ventures, TechCrunch+, Careem, Stream and 3 others
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