Careem

Careem is a Dubai-based super app with operations in over 70 cities, covering 10 countries across the Middle East, Africa, and South Asia regions.

Careem was founded by Mudassir Sheikha, an American Memon of Pakistani[11] origin, and Magnus Olsson of Sweden, who had both worked as management consultants at McKinsey & Company.

[15] In June 2017, Careem launched operations in Palestine as part of a commitment to create one million jobs in the MENA region by the end of 2018.

[17][18] It was announced in February 2018, that Careem had acquired RoundMenu, a restaurant listing and food ordering platform that operates across the Arab world.

[29][30] As of February 2023, Careem ceased its operations in Qatar including ridesharing, grocery and food delivery, courier services, and digital payments.

In 2014, it received funding of US$10 million in a Series B round led by Al Tayyar Travel Group and STC Ventures.

[54] Due to the impact of the ongoing coronavirus pandemic, Careem announced on its blog[55] that it was laying off 31% of its workforce, amounting to 536 employees.

Taxi drivers organized several protests and sit-ins demanding that the Egyptian government intervene to halt the activities of the TNCs.

The company waited until late April 2018, to disclose this breach because they "wanted to make sure we had the most accurate information before notifying people".

He emphasized that Careem is more focused on impact and fulfilling its purpose rather than offering high cash compensation or a structured work environment.

Commenters argued that competitive cash compensation is essential for attracting high-quality talent and that neglecting this aspect could lead to high turnover rates.

The article noted that tech workers took to the employee forum Blind to criticize the CEO's post as "tone-deaf" and "cringe."

One comment translated the CEO's message as, "we’ll pay you peanuts, put you in a cramped space with little amenities, provide no training, work you till you burn out and quit so the execs and owners can get a fat payout on the back of your labor."

[71] The article also said that not all the comments were negative and that Careem continually benchmarks its salaries against a peer group of leading global companies.

It also referenced an article from the UAE newspaper The National News reporting that "hundreds of Careem employees had walked out of the Uber acquisition millionaires due to the $3.1 billion payout".

The article cited that Careem's unlimited leave policy "gives the company a competitive advantage when it comes to recruiting talent" and helps "reverse brain drain from the region".

The company announced that the electric engines are powered by 4,000 watt lithium battery packs that can be charged at 192 Careem stations across Dubai.

The electric motorbikes aim to reduce the carbon footprint of delivery trips by up to 24 tonnes of C02 per day, and provide cost savings for Careem Captains.

Careem's first logo, used from 2012 to 2016
Careem's first logo, used from 2012 to 2016
Official logo used from 2016 to 2023