CAREEM Success Journey
Updated: Aug 24, 2019
The journey began in 2009 when Modthar Sheikh (a member of careem founders) decided that he was working on a new and intelligent idea at the same time In 2011, he and his friend, Magnus, decided that their idea would be Car Booking.
In 2012 they started their company (Careem) in Dubai They estimated in 2013 that they have ios app and are spread in many places like Doha and Riyadh and of course with all the development which are the link to which lead in large investments numbers, in 2013 was an investment of $ 1.7 M $, while in 2014 was an investment of $ 10 million.
In 2014 they were present in Beirut and Cairo, and they were able to achieve the achievement of the year in entrepreneurship With all successes and investments leading to an increase in the number of users.
More than 6 million users plus 150,000 captains in more than 11 countries In 2018 they estimated they would create more than one million jobs.
Then, until 2019, Uber decided to acquire Careem To $ 3.1 billion
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