By Tom Arnold DUBAI (Reuters) - Ride-hailing service Careem is targeting profitability next year or in 2018 and is in talks with potential investors about its latest fundraising plans, co-founder Mudassir Sheikha told Reuters on Tuesday. The company, which has a larger market share than rival Uber [UBER.UL] in most of the 32 cities in the Middle East, North Africa and Pakistan region in which

Launched in Dubai in 2012 by Sheikha and fellow McKinsey & Co alumni Magnus Olsson, Careem has a fleet of 90,000-plus drivers and more than four million users registered through its mobile app but

They hustled. They conquered. No one would have thought that two former strategy consultants toiling away in a tiny office in Shatha Tower in Dubai Media City would one day go on to create what is considered the region’s first true unicorn: Careem. The news has been making rounds that Uber will be acquiring Careem soon. The news is authentic and both the ride hailing companies have reached an agreement whereby Uber is all set to acquire Careem by the first quarter of 2020.

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Prior to Careem, Magnus was an Engagement Manager at McKinsey & Company. He was part of the high-tech practice and advised clients globally on strategy and business-building. Initially based in Stockholm, Magnus met his Arabic princess during a consulting project in Africa and moved to the Middle East in 2006. We ran into Careem co-founder and McKinsey alumnus Magnus Olsson at the #IOT_DXB conference and asked him if he thought Careem was a disruptor or an enabler These 4000 employees include executives, developers, engineers, R&D professionals working across operational regions.

Layoffs Hur stor ägarandel Magnus Olsson hade i Careem är oklart. Uber förbereder sig samtidigt för en börsnotering, en process som de förväntas inleda i april. Hamnade mitt i prinsarnas bråk.

16 Jul 2017 A Saudi woman shows the Careem app on her mobile phone in Experience Officer and Co-Founder Magnus Olsson will take a board seat.

Karl Magnus Olsson is affiliated with Careem Networks FZ LLC Stay informed and up-to-date on your network with RelSci news and business alerting service. Nurture your network and further your business goals with smart intelligence on the people and companies that matter most to you. 2018-10-28 · TechCrunch - Fireside Chat with Magnus Olsson (Careem) | Facebook. Report.

16 Jul 2017 A Saudi woman shows the Careem app on her mobile phone in Experience Officer and Co-Founder Magnus Olsson will take a board seat.

The Careem captains are the ones who do not form part of the stock.

Careem’s founders Magnus Olsson and Mudassir Sheikha tell Arabian Business they are barely scratching the surface of pent-up travel demand When not at Careem, Magnus spends significant time mentoring start-ups and supporting the tech ecosystem. He lives in Abu Dhabi with his wife and two children. Sign up to receive new Scale-Up Insights episodes as soon as they’re released Initially based in Stockholm, Magnus met his Arabic princess during a consulting project in Africa and moved to the Middle East in 2006. Already at the age of fifteen, Magnus founded his first company, an IT consultancy focused on helping SMEs. Magnus lives in Abu Dhabi with his wonderful wife … Careem has an ongoing partnership with UNHCR, the UN Refugee Agency, and we’ve just announced a commitment to upskilling 200 refugees over the next year five years.The announcement was made at the United Nation’s General Assembly in New York by Magnus Olsson, our Chief Xperience Officer and Co … If you always play by the book all the time, then it will slow you down and cost a lot of money.
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Uber förbereder sig samtidigt för en börsnotering, en process som de förväntas inleda i april. Hamnade mitt i prinsarnas bråk. Careem har gasat med stora summor riskkapital som bränsle.

Although I actually needed an NOC from my wife to have permission to start Careem! The firm has recently announced that 43-year-old Enaam Gazi Al-Aswad has been hand-picked by Careem from over 3,000 women as Saudi’s first captinah.
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As for being careem to their colleagues at Careem, Olsson and Sheikha say they wanted whoever worked at the company to feel empowered, and not see their work there as being just a job. “At the

After completing a decade in Silicon Valley, Sheikha moved to the UAE in 2008, and served as a management consultant for McKinsey & Company for four years before launching Careem in July 2012. 2019-03-02 Founded in 2012 by Mudassir Sheikha and Magnus Olsson – Careem started in Dubai and has since grown to 22 cities across the Middle East, North Africa and Asia. In its latest round of funding, Careem raised over 60 million dollars to fuel its rapid growth across the Gulf and the Middle East. 2017-06-15 The firm has recently announced that 43-year-old Enaam Gazi Al-Aswad has been hand-picked by Careem from over 3,000 women as Saudi’s first captinah. Al-Aswad reportedly learned how to drive in her native Syria, but has received all the necessary training from Careem to ensure she will be back in the driving seat before the month is up.