Careem

Careem is a car booking platform that connects passengers with local drivers, facilitating convenient and efficient transportation. The platform allows users to request rides in a matter of minutes, providing transparency by displaying the cost upfront. Payments are seamlessly processed through the passenger's chosen credit card, ensuring a hassle-free experience. By creating a marketplace of community drivers, Careem offers affordable transportation solutions, catering to the diverse needs of its users.

Abdulla Elyas

Co-Founder and CPO

Wael Nafee

VP Product

Magnus Olsson

Founder and Managing Director

Mudassir Sheikha

Co-Founder and CEO

10 past transactions

Denarii Cash

Acquisition in 2022
Denarii transformed accounting processes for small and medium-sized businesses by introducing an automated Accounts Payable and B2B Payment system. Their innovative solution, Denarii Pay, was created specifically to assist businesses in transforming their accounts payable department from a potential liability to a secure and strategic profit center that provides valuable insights into key cost drivers. Businesses can manage their payments more efficiently and profitably with Denarii's solution.

MUNCH:ON

Acquisition in 2022
MUNCH:ON is a food tech startup that has cracked the subscription space in the UAE & KSA, focusing on offering meals from the best restaurants at a significant discount and with free delivery. The company has invested heavily in its scheduling, bundling and order prediction software which has enabled it to achieve massive cost savings for its restaurant partners that they then pass on to their users, often offering up to a 55% discount vs. restaurants' regular price. Whether it's employees ordering from their company's curated menu or users ordering for their families at home, the platform takes the usual hassle and cost out of food delivery in a financially (and environmentally) sustainable manner for all stakeholders

Qureos

Pre Seed Round in 2022
Qureos is a work tech software and service company focused on transforming how young people learn and work. It provides an experiential learning platform that bridges the gap between education and the workplace by offering job matching, one-on-one mentorship, and hands-on projects in high-demand fields. Qureos employs an AI-powered engine to connect candidates with over 100 partner companies, enhancing the recruitment process. Members of Qureos experience faster responses from recruiters, significantly increasing their chances of securing employment. The platform fosters a global community of learners, mentors, and employers, facilitating effective and practical learning while enabling businesses to access the talent they need.

elmenus

Corporate Round in 2022
Elmenus is a food discovery platform based in Cairo, Egypt, founded in 2011. The company operates a digital application that allows users to explore nearby restaurants and discover popular dishes, enhanced by community-generated content including photos, reviews, and ratings. Catering to over one million monthly users, Elmenus combines a social and visual experience to facilitate food discovery and ordering. It has expanded its presence with offices in several Egyptian cities, including Alexandria and Sharm El Sheikh. The platform's focus on personalized recommendations helps users find and enjoy the food they love, making it a significant player in Egypt's food tech landscape.

Cyacle

Acquisition in 2019
Cyacle is a fully automated short term cycle hire scheme available 24x7 with 50 stations and over 300 bikes across Abu Dhabi.

Commut

Acquisition in 2018
Commut is a mobile-based minibus service designed specifically for daily office commuters, offering a convenient and affordable transportation solution. The company operates air-conditioned minibuses on popular routes, providing high-frequency service to ensure reliability. Through its user-friendly application, Commut allows users to select specific pickup and drop-off points, facilitating a point-to-point travel experience. The app enables users to choose their routes and book seats in well-maintained shuttles, driven by trusted drivers, thereby enhancing the comfort and ease of their daily commutes. Commut's goal is to transform the daily travel experience into a more comfortable and hassle-free journey for its users.

RoundMenu

Acquisition in 2018
RoundMenu is an online and mobile social guide for dining out. Currently operating in 3 countries (UAE, KSA and Singapore), RoundMenu uses social media data from Instagram, Foursquare , Facebook and TripAdvisor to rank restaurants and guide it's members based on social recommendations.

Swvl

Pre Seed Round in 2017
Swvl, LLC is a mobility company that offers an application enabling users to book fixed-route bus and van trips at affordable rates. Launched in 2017 and headquartered in Dubai, the app allows customers to reserve rides on underutilized buses during peak commuting hours without surge pricing. Swvl operates in several countries, including Egypt, Kenya, and Pakistan, providing a reliable alternative to traditional public transportation and ridesharing services. The company's primary focus is on creating a cost-effective, safe, and environmentally friendly mass transit solution, allowing commuters to travel between designated pick-up points within cities using its technology-driven platform.

Enwani

Acquisition in 2015
Enwani is a Saudi Arabia-based company that focuses on simplifying home delivery services through an innovative application. By utilizing GPS technology along with a cloud-based addressing system, Enwani enables users to link their addresses to their phone numbers. This approach streamlines the communication of delivery addresses, making it easier for users to receive packages accurately and efficiently. The company's technology effectively addresses challenges associated with traditional address systems, enhancing the overall delivery experience.
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