#Careem Operates in all huge cities of Pakistan.
Careem is a transportation community firm based mostly in Dubai, with operations in over 100 cities in 14 international locations within the Center East, Africa, and South Asia. The corporate was valued at over $2 billion as of 2018. In March 2019, Uber acquired Careem for $3.1 Billion. As a part of the deal, Careem maintains an unbiased model and operates individually.
Careem was co-founded by Mudassir Sheikha, a local of Pakistan and Magnus Olsson of Sweden, who had each labored as administration consultants at McKinsey & Firm. It began working in July 2012 as a website-based service for company automotive bookings, and developed to turn out to be a transportation community firm with automotive rent for on a regular basis use.
In 2015, the corporate acquired a Saudi-based house service firm and the Abdulla Elyas, joined Careem. In 2017, the corporate introduced a program to increase maternity depart and rent extra ladies.
In June 2017 Careem launched operations in Palestine as a part of a dedication to create a million jobs within the Center East and North Africa area by the top of 2018.
In January 2018 they grew to become the primary ride-hailing service to launch in Baghdad. The corporate additionally has areas in Najaf and Erbil, Iraqi Kurdistan.
It was introduced in February, 2018 that Careem has acquired RoundMenu, a restaurant itemizing and meals ordering platform that operates throughout the Arab world. In August 2018 Careem stated they might be launching bus companies, beginning with cities in Egypt.
In Might 2019, Careem introduced the acquisition of UAE-based bike sharing startup Cyacle which is able to re-brand as Careem Bike.
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