Careem

Ride-hailing, food delivery, and digital payments

Dubai, Dubai Emirate, United Arab Emirates

About Careem

Careem provides a variety of services aimed at simplifying everyday life for consumers and small businesses in the Middle East, North Africa, and South Asia. Its main offerings include ride-hailing, food delivery, and digital payment solutions, all accessible through a single app. Users can book rides, order food from local restaurants, and make digital payments, while Careem earns revenue through commissions, delivery fees, and transaction charges. What sets Careem apart from its competitors is its comprehensive platform that addresses multiple needs in one place, fostering customer loyalty. Additionally, Careem empowers individuals to earn income by becoming drivers, known as Captains and Captinahs, contributing positively to the local economy. The company's goal is to leverage technology to provide convenient solutions while enhancing social responsibility.

Dubai, United Arab EmiratesHeadquarters
2012Year Founded
$752.3MTotal Funding
ACQUISITIONCompany Stage
Automotive & Transportation, Fintech, Consumer GoodsIndustries
5,001-10,000Employees

Benefits

Relocation allowance - We’ll help you make the big move by providing you with an adequate relocation allowance.
Feel at home - We’ll provide you with a “Get settled in Berlin” guide where you can track your own status.
Health insurance - We’ll help you find a health insurance company for your needs, and assist you with the sign up.
A place to stay - We provide you contact and correspondence with furnished apartment providers, as well as helpful tips regarding the real estate market
Supporting all visa related correspondence - Paperwork sucks! Let us help you. We’ll support you with all visa related correspondence.
All the other stuff - We’ll arrange your first appointment at the city council for registration and help you through where and how to receive your Social ID and Tax Number etc. We’ll even give you advice on the best mobile providers and banks.

Risks

Local ride-hailing competition in MENA could erode Careem's market share.
Regulatory challenges in South Asia may impact Careem's operations and profitability.
Careem Pay's international remittance expansion exposes it to financial compliance risks.

Differentiation

Careem offers a multifaceted platform with ride-hailing, food delivery, and digital payments.
The company empowers over a million people to earn income as Captains and Captinahs.
Careem's expansion into remittances taps into the lucrative expat market in the UAE.

Upsides

Careem Groceries' expansion to Abu Dhabi captures a larger market share in e-commerce.
Partnership with Payrails enhances payment efficiency, boosting customer retention across MENA.
SOS button introduction improves user trust, addressing safety concerns effectively.