Careem Celebrates 5 Years of Moving the Region Toward Better Living

Business

Careem Celebrates 5 Years of Moving the Region Toward Better Living

Careem, the leading ride-hailing service in the Middle East and North Africa, marks an important landmark in its quick growth tale as it commemorates five years of reinventing transportation in the region and making lives easier for millions of people.

In just 5 years, Careem has actually expanded its presence to more than 80 cities in the wider MENATP region, expanding at over 30% month-on- month during this period. While doing so, it has actually turned itself right into among the region's biggest native success tales and a poster youngster for the flourishing start-up scene, attracting a constant stream of financing and expertise from distinguished regional and worldwide investors to become the region's sole billion-dollar internet company - and a self-proclaimed 'unicamel'.

" We are very proud of just what we have accomplished in these five years and are humbled by the impact that our innovation and our solution has actually carried individuals's lives and income, but this is truly simply the start," claimed Mudassir Sheikha, founder and Chief Executive Officer of Careem. "It's the next five that thrills us, not the very least because of the range of our aspiration, which establishes prior to us the objective of guiding our cities toward a driverless future and transforming Careem right into a world-class institution for research and innovation."

He continued, However, it's our Captains that have been the backbone of our company - they are one of the most crucial factor in delivering the ideal high quality of experience to our customers, and I would love to take this moment to thank them for owning Careem right into the hearts and minds of people throughout the region throughout our journey thus far."

As a token of its recognition, Careem has launched a campaign asking its customers to aid put a smile on their Captain's face for the week after to the company's fifth birthday celebration. Customers are urged to gift their Captains off-the- wall surface gifts and share it on their social media sites channels with the hashtag #OhCaptainMyCaptain to obtain a chance to win 5,000 AED. The Captain of the winning consumer will likewise win 5,000 AED. Careem currently has greater than 250,000 Captains on its roster, many of which function exclusively with Careem, helping the company broaden into new cities and grow its existence in existing markets.

Building on its commitment to making use of modern technology and research study to redefine mobility in the Middle East and past, Careem has actually been focusing its efforts on strengthening its innovation capacities and buying the future of transport to produce sustainable worth for the areas it offers. \.

Considering that its beginning in July 2012, Careem has actually supplied a secure and comfortable flight to over 10 million users throughout the region, and the company presently offers the requirements of customers in more than 80 cities in 13 nations. Throughout its 5 years of being in business, Careem has actually kept innovating and evolving with the moments, introducing a number of solutions that have been the first of their kind in the region - such as facial recognition innovation to boost traveler safety, the alternative for users to pay in cash money, a specifically tailored car solution for individuals with unique requirements, a devoted car for parents that comes pre-installed with a youngster seat (Careem Kids), and much more. Along the road, the company has actually developed right into an active investor in the region's tech ecosystem, having recently made a $500,000 investment in the Egyptian start-up Swvl.

Careem's path-breaking success in the region has implied that cash has kept coming right into the company. Last December, Careem safeguarded $500 million in a new round of funding led by top-level investors such as Rakuten, Kingdom Holding Company (KHC) and Daimler AG, offering it the prestigious 'unicorn' standing. Careem is presently the single member of the Middle East's 'unicorn' club.

" We are at a time when tech startups in the Middle East are attracting renewed interest from around the world trusted capitalists, every one of that makes the setting ripe for bringing new innovations to market that will certainly change the means we get around and bring lasting change to the region," Sheikha said.