<s>
Careem	B-Application
is	O
a	O
Dubai-based	O
super	B-Application
app	I-Application
with	O
operations	O
in	O
over	O
100	O
cities	O
,	O
covering	O
12	O
countries	O
across	O
the	O
Middle	O
East	O
,	O
Africa	O
,	O
and	O
South	O
Asia	O
regions	O
.	O
</s>
<s>
The	O
company	O
,	O
which	O
was	O
valued	O
at	O
over	O
billion	O
in	O
2018	O
,	O
became	O
a	O
wholly-owned	O
subsidiary	O
of	O
Uber	B-Application
after	O
being	O
acquired	O
for	O
$3.1	O
billion	O
in	O
January	O
2020	O
.	O
</s>
<s>
Careem	B-Application
expanded	O
into	O
the	O
food	O
delivery	O
business	O
with	O
Careem	B-Application
Now	O
in	O
November	O
2018	O
and	O
launched	O
a	O
digital	O
payment	O
platform	O
,	O
Careem	B-Application
Pay	O
in	O
April	O
2022	O
.	O
</s>
<s>
Careem	B-Application
was	O
founded	O
by	O
Mudassir	O
Sheikha	O
,	O
an	O
American	O
of	O
Pakistani	O
origin	O
and	O
Magnus	O
Olsson	O
of	O
Sweden	O
,	O
who	O
had	O
both	O
worked	O
as	O
management	O
consultants	O
at	O
McKinsey	O
&	O
Company	O
.	O
</s>
<s>
In	O
2015	O
,	O
the	O
company	O
acquired	O
a	O
Saudi-based	O
home	O
service	O
company	O
and	O
Abdulla	O
Elyas	O
joined	O
Careem	B-Application
.	O
</s>
<s>
In	O
June	O
2017	O
,	O
Careem	B-Application
launched	O
operations	O
in	O
Palestine	O
as	O
part	O
of	O
a	O
commitment	O
to	O
create	O
one	O
million	O
jobs	O
in	O
the	O
MENA	O
region	O
by	O
the	O
end	O
of	O
2018	O
.	O
</s>
<s>
It	O
was	O
announced	O
in	O
February	O
2018	O
,	O
that	O
Careem	B-Application
has	O
acquired	O
RoundMenu	O
,	O
a	O
restaurant	O
listing	O
and	O
food	O
ordering	O
platform	O
that	O
operates	O
across	O
the	O
Arab	O
world	O
.	O
</s>
<s>
In	O
August	O
2018	O
,	O
Careem	B-Application
said	O
they	O
would	O
be	O
launching	O
bus	O
services	O
,	O
starting	O
with	O
cities	O
in	O
Egypt	O
in	O
December	O
of	O
the	O
same	O
year	O
.	O
</s>
<s>
In	O
May	O
2019	O
,	O
Careem	B-Application
announced	O
the	O
acquisition	O
of	O
UAE-based	O
bike-sharing	O
startup	O
Cycle	O
which	O
will	O
re-brand	O
as	O
Careem	B-Application
Bike	O
.	O
</s>
<s>
In	O
April	O
2021	O
,	O
Careem	B-Application
launched	O
Careem	B-Application
Pay	O
,	O
a	O
digital	O
wallet	O
for	O
money	O
transfers	O
and	O
withdrawals	O
in	O
the	O
UAE	O
.	O
</s>
<s>
In	O
June	O
2022	O
,	O
Careem	B-Application
suspended	O
food	O
delivery	O
service	O
in	O
Pakistan	O
over	O
unfavorable	O
economic	O
conditions	O
.	O
</s>
<s>
Careem	B-Application
received	O
seed	O
money	O
of	O
million	O
in	O
a	O
round	O
led	O
by	O
STC	O
Ventures	O
in	O
2013	O
.	O
</s>
<s>
In	O
November	O
2015	O
,	O
Careem	B-Application
announced	O
a	O
Series	O
C	O
round	O
investment	O
of	O
million	O
led	O
by	O
The	O
Abraaj	O
Group	O
.	O
</s>
<s>
In	O
October	O
2016	O
,	O
the	O
company	O
reached	O
an	O
agreement	O
with	O
regulators	O
in	O
Dubai	O
whereby	O
customers	O
are	O
able	O
to	O
book	O
all	O
taxicabs	O
and	O
limousines	O
operating	O
in	O
Dubai	O
via	O
the	O
Careem	B-Application
mobile	B-Application
app	I-Application
.	O
</s>
<s>
Saudi	O
Telecom	O
in	O
this	O
funding	O
round	O
invested	O
in	O
a	O
10%	O
stake	O
in	O
Careem	B-Application
.	O
</s>
<s>
On	O
26	O
March	O
2019	O
,	O
Uber	B-Application
agreed	O
to	O
acquire	O
the	O
company	O
for	O
billion	O
,	O
including	O
billion	O
in	O
cash	O
and	O
billion	O
in	O
convertible	O
notes	O
,	O
making	O
Careem	B-Application
the	O
first	O
unicorn	O
startup	O
company	O
in	O
the	O
Middle	O
East	O
outside	O
of	O
Israel	O
.	O
</s>
<s>
In	O
2018	O
,	O
Careem	B-Application
announced	O
it	O
was	O
launching	O
a	O
food	O
delivery	O
service	O
app	O
called	O
Careem	B-Application
Now	O
,	O
delivering	O
food	O
and	O
pharmaceuticals	O
,	O
initially	O
in	O
Dubai	O
and	O
Jeddah	O
.	O
</s>
<s>
On	O
4	O
May	O
2020	O
,	O
Uber	B-Application
Eats	O
announced	O
they	O
were	O
exiting	O
the	O
United	O
Arab	O
Emirates	O
and	O
that	O
their	O
services	O
would	O
be	O
offered	O
through	O
Careem	B-Application
Now	O
.	O
</s>
<s>
In	O
Pakistan	O
,	O
Careem	B-Application
employs	O
women	O
drivers	O
.	O
</s>
<s>
Careem	B-Application
is	O
planning	O
to	O
have	O
a	O
female	O
workforce	O
of	O
20,000	O
by	O
the	O
year	O
2020	O
.	O
</s>
<s>
In	O
Saudi	O
Arabia	O
,	O
Careem	B-Application
and	O
Uber	B-Application
have	O
started	O
recruiting	O
women	O
,	O
as	O
part	O
of	O
the	O
Saudi	O
Women	O
to	O
drive	O
movement	O
.	O
</s>
<s>
Women	O
were	O
legally	O
allowed	O
to	O
start	O
driving	O
on	O
24	O
June	O
2018	O
,	O
and	O
Uber	B-Application
and	O
Careem	B-Application
women	O
drivers	O
were	O
able	O
to	O
start	O
working	O
on	O
the	O
same	O
day	O
.	O
</s>
<s>
Due	O
to	O
the	O
impact	O
of	O
the	O
ongoing	O
coronavirus	O
pandemic	O
,	O
Careem	B-Application
announced	O
on	O
its	O
blog	O
it	O
was	O
laying	O
off	O
31%	O
of	O
its	O
workforce	O
,	O
amounting	O
to	O
536	O
employees	O
.	O
</s>
<s>
Uber	B-Application
and	O
Careem	B-Application
faced	O
heavy	O
criticism	O
in	O
Egypt	O
at	O
the	O
beginning	O
of	O
2016	O
by	O
local	O
taxi	O
drivers	O
for	O
operating	O
without	O
official	O
taxi	O
licenses	O
.	O
</s>
<s>
In	O
January	O
,	O
2018	O
,	O
Careem	B-Application
discovered	O
data	O
on	O
more	O
than	O
14	O
million	O
riders	O
and	O
558,800	O
drivers	O
were	O
breached	O
.	O
</s>
<s>
Careem	B-Application
has	O
been	O
a	O
supporter	O
of	O
Cricket	O
for	O
a	O
Cause	O
and	O
has	O
supported	O
the	O
league	O
's	O
efforts	O
to	O
raise	O
funds	O
for	O
children	O
in	O
developing	O
nations	O
.	O
</s>
<s>
In	O
2018	O
in	O
Pakistan	O
,	O
Careem	B-Application
and	O
Robin	O
Hood	O
Army	O
took	O
the	O
initiative	O
to	O
feed	O
more	O
than	O
10,000	O
people	O
across	O
the	O
nation	O
.	O
</s>
