Wamda

U.A.E

Careem acquires money transfer technology platform Denarii

UAE-based super app Careem has acquired the assets of Denarii, a Dubai-based money transfer platform. The value of the deal was not disclosed. Founded in 2019 by Jon Santillan and...

Careem Pay careem Denarii

U.A.E

Careem acquires food delivery startup MUNCH:ON

UAE-based super app Careem has acquired food delivery subscription platform MUNCH:ON, as it looks to expand its offerings in the food delivery space. Founded in 2016 by M...

Munch:On careem Food delivery

U.A.E

Careem expands its focus to financial services

Careem is shifting its focus from ride-hailing to financial services, in a move that will position the super app as a key fintech player in the Middle East and Pakistan market.&nbs...

careem Fintech Careem Pay

Egypt

Careem invests in Egypt’s elmenus

Egypt-based food delivery app elmenus has raised an undisclosed amount of funding from Careem. Founded in 2011 by Amir Allam, elmenus is a good delivery platform that allows users to di...

careem ElMenus

U.A.E

Careem enters quick-commerce space with launch of dark store grocery network

Careem is expanding its groceries offering by launching Careem Quik in the UAE, a quick-commerce e-grocery service enabled by a hyperlocal dark store network. Targeting a...

Careeem quick commerce e-grocery

Egypt

EdVentures invests $200,000 in Career 180 platform

Cairo-based edtech platform Career 180 has raised $200,000 from EdVentures. Founded in 2016 by Mohamed Akmal and Shorouk Alaa Eldin, Career 180 assists youth to develop their skills to ...

EdVentures Career 180

Saudi Arabia

Glance Care raises seven-figure Seed round

Saudi-based Healthtech and digital consultation platform Glance Care has raised an undisclosed seven-figure Seed round led by the Sanabil 500 MENA Seed Accelerator Fund with participation...

Glance Care

Saudi Arabia

Uber, Careem face $100 million tax bill in KSA

Uber and its Dubai-based subsidiary Careem are facing a combined tax bill worth $100 million imposed by the Saudi authorities according to a report from Bloomberg. The bills date back s...

Uber careem Fetcher

Regional

Should we care about Philosophy of AI in the Mena region?

Aliah Yacoub is an AI philosopher and head of techQualia at Egypt-based Synapse Analytics, a data science and AI company The artificial intelligence (AI) race between the global pow...

Artificial intelligence AI

Global

Localized raises $2.2 million Seed round

US-headquartered Localized, a platform that connects job seekers in the Middle East and North Africa (Mena) region with local and international career opportunities and resources, ha...

Localized Job listing seed

U.A.E

The office beckons for Careem

When remote working was imposed on majority of the world’s office workers last year, some embraced it with gusto, while others struggled with the lack of interaction with their co...

remote working careem

Jordan

CarSeer raises six-figure Seed investment

Jordan-based CarSeer, has secured a six-figure Seed investment from Arzan Venture Capital. Co-founded by Hashim Hasan and Amjad Al-Zabin in 2015, CarSeer offers vehicle history reports,...

CarSeer automotive Arzan Venture Capital

U.A.E

Careem launches subscription model Careem Plus

Careem launches Dh39 subscription and loyalty offering in the UAE The programme offers credit back on rides as well as free delivery for food and grocery shopping Subscription models ...

subscription careem

Regional

Careem’s tech drive: Going beyond mobility

When Careem first launched its ride-hailing service, everything was done manually. Sourcing the drivers was done via SMS, user requests came through via email and the two co-founders, Mudass...

careem super app

U.A.E

Careem introduces commission-free model for UAE restaurants

UAE-based super app Careem, has introduced a commission-free model for its restaurant partners in a step to relieve the economic impact of the Covid-19 crisis on UAE- based local eateries ac...

careem Food delivery commission-free model

Egypt

Why Belal El-Megharbel left Careem and shunned his family business

This article originally appeared on the International Financial Corporation (IFC) website. By Gloria Mwaniga Odary In 2018, when Belal El-Megharbel walked away from a flourishing career a...

MaxAB B2B marketplace

Regional

A glimpse into the Careem Mafia

When Uber acquired Careem in March 2019 for $3.1 billion, the exit was significant not only for the size of the deal, but for its ripple effect on the wider ecosystem. Over these past c...

Careeem Careem Mafia

Regional

Fenix launches in the UAE after $3.8 million seed round

Fenix, the latest UAE-based micro mobility startup has raised $3.8 million in seed funding. Founded by the former Careem executive IQ Sayed and the former regional head of Circ, Jai...

micromobility Fenix e-scooter

Algeria

temtem launches its super app

Algeria-based mobility startup temtem has launched its super app, temtem one. Founded in 2017 by Kamel Haddar, the app first started off as a ride-hailing service provider and has now bec...

Superapp temtem Halan

Global

Endeavor closes third fund with Careem and Property Finder founders among LPs

Source: Endeavor Endeavor Catalyst announced the final closing of Fund III, a $134M venture capital fund through which it plans to continue to invest in Endeavor Entreprene...

Endeavor Catalyst Fund careem Property finder

Global

How do you build a company to last?

Mudassir Sheikha and Magnus Olsson founded Careem in 2012 initially as a transportation service for the corporate world. It soon became the premier ride-hailing service in the Middle East an...

careem Mudassir Sheikha

Regional

Building a super app for the Middle East

Before smartphones and mobile app stores, the internet was dominated by a handful of web portals that offered their users several services on one platform. The homepages of Yahoo, MSN and AO...

super app careem Halan

Regional

Careem invests $50 million in super app

Careem announced the launch of its super app, combining all of its services like ride-hailing and food delivery onto one platform. The Uber subsidiary has so far invested $50 million to deve...

careem super app

Global

Online food delivery: The disruption heading to destruction

Uber Eats has exited the Middle East, or rather passed the baton onto its wholly-owned regional subsidiary, Careem. The publicly listed company made the announcement in a filing shortly befo...

Food delivery Deliveroo talabat

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