Careem
Peer-to-peer carsharing company
Follow Careem on Notably News to receive short updates to your email — rarely!
| 2024 | Careem unveiled plans to introduce Dubai's first fleet of electric motorbikes with charging station infrastructure at 192 Careem Bike stations, aiming to reduce carbon footprint by up to 24 tonnes of CO2 per day. |
| 2024 | Careem launched eco-friendly rides in Abu Dhabi following the success in Dubai. |
| 2024 | Ceased operations in Qatar, including ridesharing, grocery and food delivery, courier services, and digital payments. |
| 2024 | Introduced 'Flexi Ride' options for users in Karachi, allowing customers and drivers to choose preferred ride prices. |
| 2023 | Careem completed 53% of its trips in the UAE with hybrid or electric vehicles. |
| 2023 | Careem expanded its electric vehicle fleet in Jordan to form 45% of the fleet in Irbid. |
| 2023 | Careem introduced 'Eco-friendly' rides during COP28 in partnership with CarbonSifr, supporting carbon removal projects in the UAE. The initiative offset more than 200 tonnes of CO2e in under 3 months. |
| June 2023 | Mudassir Sheikha, Careem's CEO, published a controversial LinkedIn post outlining the company's hiring philosophy, which received significant backlash from tech workers who criticized the post as 'tone-deaf' and 'cringe' regarding compensation and work environment. |
| April 10 2023 | e& announced an agreement with Uber and Careem to acquire a majority stake in Careem's Super App business, with plans to create the first 'everything app' serving customers across the Middle East. |
| 2022 | RTA announced 2.8 million Careem Bike trips completed, reducing emissions by 1,926,033 kilograms, equivalent to emissions from 600 cars. |
| June 2022 | Suspended food delivery service in Pakistan due to unfavorable economic conditions. |
| April 2022 | Careem launched its digital payment platform, Careem Pay, expanding into financial services. |
| 2020 | Careem launched Careem Bike in partnership with the RTA to support the UAE's target to cut emissions by 40% by 2030. |
| 2020 | Careem planned to achieve a female workforce of 20,000 drivers across its operations. |
| May 4 2020 | Uber Eats announced their exit from the United Arab Emirates, with their services to be offered through Careem Now. |
| April 21 2020 | Careem expanded its Dubai delivery service to include groceries and essential products through Careem Quik, utilizing purpose-built store warehouses for shortened delivery times. |
| January 2020 | Uber acquired Careem for $3.1 billion, making Careem a wholly-owned subsidiary of Uber. |
| 2019 | Careem Now expanded its food delivery service to Riyadh and Amman, and announced plans to launch in Pakistan. |
| May 2019 | Acquired UAE-based bike-sharing startup Cyacle, rebranding it as Careem Bike, with 192 docking stations across Dubai. |
| March 26 2019 | Uber agreed to acquire Careem for billions, making Careem the first unicorn startup company in the Middle East outside of Israel. |
| November 2018 | Careem expanded into the food delivery business with Careem Now, marking its first entry into food delivery services. |
| October 2018 | Careem secured additional funding from existing investors. |
| August 2018 | Announced launch of bus services in Egyptian cities, which were later discontinued in early 2020. |
| June 24 2018 | Women in Saudi Arabia were legally allowed to start driving, enabling Careem and Uber to recruit female drivers on the same day as part of the Saudi Women to drive movement. |
| April 2018 | Careem disclosed the January data breach to the public, after conducting internal investigations which found no initial evidence of fraud or misuse. |
| February 2018 | Acquired RoundMenu, a restaurant listing and food ordering platform operating across the Arab world. |
| January 2018 | Careem discovered a major data breach affecting over 14 million riders and 558,800 drivers, compromising sensitive user information. |
| January 2018 | Became the first ride-hailing service to launch in Baghdad, with additional locations in Najaf and Erbil, Kurdistan Region. |
| 2017 | The company announced a program to extend maternity leave and hire more women. |
| June 2017 | Careem launched operations in Palestine, committing to create one million jobs in the MENA region by the end of 2018. |
| December 2016 | Careem raised funding in a Series D round with a billion-dollar valuation, with Saudi Telecom investing a 10% stake in the company. |
| October 2016 | Careem reached an agreement with Dubai regulators to allow booking of all taxicabs and limousines via their mobile app. |
| January 2016 | Careem faced heavy criticism in Egypt from local taxi drivers for operating without official taxi licenses, leading to organized protests and sit-ins demanding government intervention. |
| 2015 | Careem acquired enwani, a Saudi-based home delivery service company, and Abdulla Elyas joined as a co-founder. |
| November 2015 | Careem announced a Series C round investment led by The Abraaj Group. |
| 2014 | Careem received Series B funding of an unspecified amount, led by Al Tayyar Travel Group and STC Ventures. |
| 2013 | Careem received seed money in a funding round led by STC Ventures. |
| 2012 | Careem was founded by Mudassir Sheikha and Magnus Olsson, initially starting as a website-based service for corporate car bookings. |
This contents of the box above is based on material from the Wikipedia article Careem, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.