Uber Acquired Careem for $3.1 Billion Seven Years After Its Founding

Mudassir Sheikha co-founded Careem in 2012 with a $50,000 investment, and seven years later, Uber agreed to acquire the company for $3.1 billion, marking a significant exit for the ride-hailing service.

13 Aug, 22:00 — 13 Aug, 22:00

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cnbcMostly Factual4d ago

Careem’s founders put in $100,000. Seven years later, Uber bought it for $3.1 billion

Mudassir Sheikha left McKinsey to co-found Careem in 2012, putting in $50,000 of his own money. Seven years later, Uber agreed to acquire the company for $3.1 billion.

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Uber Acquired Careem for $3.1 Billion Seven Years After Its Founding

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Careem’s founders put in $100,000. Seven years later, Uber bought it for $3.1 billion

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