Careem

Careem is an online booking platform that links passengers with local drivers, facilitating quick ride requests and transparent pricing. Founded on June 15, 2012, by Abdulla Elyas, Magnus Olsson, and Mudassir Sheika, the company is headquartered in Dubai, United Arab Emirates. Its platform allows users to see ride costs in advance and pay securely via credit card, making transportation more accessible and affordable. Careem aims to enhance the passenger experience by providing a reliable marketplace of community drivers, catering to the growing demand for convenient mobility solutions in the region.

Abdulla Elyas Ph.D

Co-Founder

Magnus Olsson

Co-Founder and Chief Product Architect

Mudassir Sheikha

Co-Founder and CEO

8 past transactions

Qureos

Pre Seed Round in 2022
Qureos is an experiential learning platform that connects learners with top industry mentors to facilitate the acquisition of relevant skills and access to job opportunities. By fostering a global community of learners, mentors, and employers, Qureos aims to bridge the gap between education and the workplace. The platform emphasizes practical learning and mentorship, allowing participants to enhance their career prospects while providing businesses with skilled talent. Through its unique "Learn to Earn" model, Qureos creates mutually beneficial relationships among all members, ultimately striving to unlock career potential for individuals worldwide.

Elmenus

Corporate Round in 2022
Elmenus is a food discovery platform based in Cairo, Egypt, that was founded in 2011. The application enables users to find nearby restaurants and highlights the top-rated dishes at each location based on user reviews. Serving over one million monthly users, elmenus combines a social, visual, and personalized experience, helping individuals discover and order food that suits their preferences. The company has expanded its presence with offices in several Egyptian cities, including Alexandria, El Mansoura, Sharm El Sheikh, Hurghada, El Gouna, El Ain El Sokhna, Ras Sudr, and the North Coast.

Cyacle

Acquisition in 2019
Cyacle is a fully automated short term cycle hire scheme available 24x7 with 50 stations and over 300 bikes across Abu Dhabi.

Commut

Acquisition in 2018
Commut, operated by Smart Commut Technologies Pvt. Ltd., offers a mobile-based minibus service designed for daily office commuters in Hyderabad, India. Founded in 2015, the company provides air-conditioned minibuses that run frequently on popular routes at affordable prices. The application allows users to select specific pickup and drop-off points, facilitating a point-to-point service that enhances the commuting experience. By enabling users to choose routes and book seats with maintained shuttles and trusted drivers, Commut aims to make daily travel both comfortable and hassle-free. As of September 2018, it operates as a subsidiary of Careem Networks FZ LLC.

RoundMenu

Acquisition in 2018
RoundMenu Ltd. is an online restaurant discovery platform based in Dubai, United Arab Emirates, founded in 2012. It enables users to book restaurants online and browse options by cuisine, location, or theme. The platform incorporates social media data from various sources, such as Instagram and TripAdvisor, to rank restaurants and provide personalized recommendations. RoundMenu operates in three countries: the UAE, Saudi Arabia, and Singapore, offering features like customer reviews, maps, and average prices to assist diners in making informed choices. As of 2018, RoundMenu functions as a subsidiary of Careem Networks FZ LLC.

Swvl

Pre Seed Round in 2017
Swvl, LLC is a technology-driven mobility company that offers an application for booking fixed-route bus trips, primarily operating in Egypt, Kenya, and Pakistan. Founded in 2017 and based in Cairo, Swvl provides a premium mass transit system that connects neighborhoods with accessible bus and van rides during peak commuting hours. Users can book rides at a flat fare, ensuring affordability without surge pricing. The company's core service includes a network of minibuses and other vehicles that operate along predetermined routes, allowing commuters to reserve rides through its mobile application. Swvl aims to provide a reliable, cost-effective, and environmentally responsible alternative to traditional public transportation and ridesharing options.

Savaree

Acquisition in 2016
Savaree Network (Pvt.) Ltd, founded in 2014 and based in Lahore, Pakistan, specializes in developing a carpooling application that connects drivers with passengers. The app allows drivers to post their routes along with departure dates and times, enabling passengers to search for suitable rides based on their needs. By providing an affordable and safe ride-hailing service, Savaree facilitates the matching of passengers with drivers traveling along specific routes or to particular events. The company aims to offer a convenient network of transportation options across Pakistan, ensuring a transparent and efficient experience for users. As of March 2016, Savaree operates as a subsidiary of Careem Pakistan Networks.

enwani

Acquisition in 2015
Enwani makes home delivery easy by GPS technology combined with an innovative cloud-based addressing approach.
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