Key Updates Archives - Page 3 of 4

Key Updates

Careem Bike marks Careem’s entrance into micro-mobility

May 28, 2019

Careem has entered the micro-mobility space with the acquisition of UAE-based company Cyacle which will re-brand as Careem Bike. Launched in December 2014, Cyacle is the leading bikeshare service in UAE – a fully-automated docked bikeshare service currently operating in...

Key Updates

Careem launches in Menoufia and Aswan

May 14, 2019

Careem has launched operations in the Menoufia and Aswan governorates in Egypt, bringing its services to an extra 5.75m people throughout those two regions. In Aswan, as well as regular car types, Careem is also offering horse carts and traditional-style...

Careem NOW Riyadh has launched

April 28, 2019

Careem NOW Riyadh has now launched with over 100 restaurants and outlets available to order from. Careem NOW, which is already operational in Jeddah, is Careem’s expansion into the food-delivery market as the company expands its platform beyond ride-hailing. The...

Key Updates

Careem secures first close of US$500 million investment round

October 18, 2018

Led by existing investors, including Al Tayyar Group, Kingdom Holding, Rakuten and STV. US$200 million is the first close of the US$500 million Series F round of investment. Funds will be used to accelerate the expansion of Careem’s internet platform...

Careem has officially launched in Khartoum – here’s what that means for Sudan

September 9, 2018

Although we had been testing in the country since July, today sees the full launch of Careem services in Sudan – it’s our 14th country in which we operate. We have begun with coverage of greater Khartoum which comprises Khartoum, Omdurman,...

Careem now has one million Captains

September 3, 2018

Captains are the reason Careem works, and a major part of why Careem was started in the first place. Four years ago, we announced our target to have one million Captains on our platform by the end of 2018. Today...

An oral history of Careem’s launch

August 29, 2018

One of the things Careem aims to do is to inspire other tech start-ups in the region. So, we thought it might be nice to show that while Careem is now a large tech company, its origins were humble and in...

We’ve helped over 3,000 Captains in Pakistan become car owners… here’s how we did it.

August 9, 2018

Captains are the lifeblood of Careem. When we started Careem just over six years ago we did so with only 25 Captains in Dubai – soon we will have a million Captains in over 100 cities in 14 countries. Careem...

Why the Careem app is more than just a tool for ride hailing

August 2, 2018

You know the Careem app. And in the last six years at Careem we have built a large ride-hailing business, but what we’ve really built is a large Internet business. Careem is a tech company first and foremost, and in...