STC Ventures has made an estimated return of over $200m on total investment in the ride-hailing tech app to be acquired by Uber this year
Magnus Olsson
Latest in Magnus Olsson
Abu Dhabi
Careem acquires Abu Dhabi bike-sharing firm Cyacle
The agreement will see the creation of a new app to allow users to access bikes as its stations
Careem
Uber confirms $3.1bn Careem acquisition in Q1 2020
The acquisition will see Careem become a wholly-owned subsidiary of Uber but will continue operating as an independent company under the Careem brand
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Abu Dhabi Department of Transport
It pays to look after your employees
Ruth Fletcher, the vice president of people at Careem, on how investing in wellbeing makes sound business sense
Al Tayyar Group
Dubai’s Careem secures $200m in new funding round
Dubai ride hailing firm Careem said it will use the funding to expand into mass transportation, deliveries, and payments
Careem
Dubai’s Careem to remain independent despite Uber interest, says co-founder
Co-founder Magnus Olsson hinted the Dubai ride-hailing app will opt out of acquisition offers by US rival Uber and Chinese firm Didi Chuxing