Careem Car Booking App Apk

Careem is a transportation network company based in Dubai, with operations in over 100 cities in 14 countries in the Middle East, Africa, and South Asia. The company is valued at over $2 billion as of 2018.
HISTORY

Careem was co-founded by Mudassir Sheikha and Magnus Olsson, who had both worked as management consultants at McKinsey & Company It started operating in July 2012 as a website-based service for corporate car bookings, and evolved to become a transportation network company with car hire for everyday use.

In 2015, the company acquired a Saudi-based home delivery service company and the founder, Abdulla Elyas joined Careem. In 2017, the company announced a program to extend maternity leave and hire more women.

In June 2017 Careem launched operations in Palestine as part of a commitment to create one million jobs in the Middle East and Africa region by the end of 2018.In January 2018 they became the first ride-hailing service to launch in Baghdad.

It was announced in February, 2018 that Careem has acquired RoundMenu, a restaurant listing and food ordering platform that operates across the Arab world. In August 2018 Careem said they would be launching bus services, starting with cities in Egypt.

Funding

Careem has raised funding of US$421.7 million to date It received seed money of US$1.7 million in a round led by STC Ventures in 2013. In 2014, it received funding of US$10 million in a Series B round led by Al Tayyar Travel Group and STC Ventures.

In November 2015, Careem announced a Series C round investment of US$60 million led by The Abraaj Group. In October 2016, the company reached an agreement with regulators in Dubai whereby customers are able to book all taxicabs and limousines operating in Dubai via the Careem mobile app.In December 2016, the company raised US$350 million in a Series D round, based on a $1 billion valuation for the company. Saudi Telecom in this funding round invested in a 10% stake in Careem. October 2018 company secure US$200 million funding from its existing investors

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