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

Magnus Olsson

Co-Founder and Chief Product Architect

Mudassir Sheikha

Co-Founder and CEO

Past deals in Ride Sharing

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.

Swvl

Pre Seed Round in 2017
Swvl is a technology-driven mobility company that offers an app for booking fixed-route bus trips, providing users with a cost-effective alternative to traditional public transportation and ride-sharing services. Founded in 2017, Swvl operates in Egypt, Kenya, Pakistan, and has its headquarters in Dubai. The company's core product is the B2C Swvl Retail offering, which allows commuters to book rides on minibuses and other vehicles running on fixed or semi-fixed routes within cities through a mobile application. This service enables users to share rides during peak commute times for a flat fare with no surge pricing, promoting environmentally responsible mass transit solutions.

Savaree

Acquisition in 2016
Savaree is a ride-hailing service based in Lahore, Pakistan, established in 2014. The company provides an online platform that connects passengers with drivers, facilitating affordable and safe transportation options across the country. Savaree's carpooling app allows users to find rides to their desired destinations, matching them with drivers traveling along specific routes or heading to particular events. The service offers a variety of vehicles and aims to ensure a convenient, transparent, and efficient transportation network for its users, enabling them to access reliable rides whenever needed.
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