Consumer Internet

Careem

Medium56% confidenceProfile verified Jul 27, 2026

The UAE-based ride-hailing and super app pioneer of the Middle East, North Africa, and South Asia, acquired by Uber for $3.1 billion in 2019 and later split into a ride-hailing business (fully Uber-owned) and a separately-owned 'Careem Super App' business (food/grocery delivery, micro-mobility, digital wallet, and fintech services across 10 countries). In June 2026, Uber agreed to buy a 12.5% stake in Careem Technologies from telecom group e& for $100 million, reducing e&'s stake to 37.53% and moving toward reuniting the super app with Uber's ride-hailing business under one owner.

Additional Intelligence Signals

Patent citation lineage, earnings-call mentions, and federal contract disclosures — automatically collected, not yet visible anywhere else on the site.

Sources

Every claim traced to a primary source — evidence, recent activity, and insider filing behavior, all in one place.

Evidence

1 source · 60% avg. source confidence

Correlated Activity

Both Careem and e& (Etisalat Group) which it depends on — are showing accelerating Activity at the same time (1 recorded change for e& (Etisalat Group) in the last 90 days).

Timing correlation only — not evidence of a causal link

Dependency Map

What Careem depends on below, and who depends on Careem above — click any node to make it the new center, 2 levels deep.

Connection type

Investment
Dependency
Supply Chain
Development
Enablement
Competition / Other
Succession

Click any node to make it the new center. Scroll to zoom, drag to pan.

The Story So Far (last 6 months)

Jun 2026: Uber buys back 12.5% stake from e&Jun 2026: Uber buys 12.5% Careem stake from e& for $100 million

Auto-generated from this entity's dated milestones, relationship updates, and sourced evidence — not AI-written, just sorted.

Careem's Timeline

A sourced, dated history of Careem's key moments — founding to present.

  1. Jan 2019 · Acquired by Uber for $3.1B

    Uber acquired Careem for $3.1 billion, at the time the largest-ever acquisition of a Middle Eastern startup.

  2. Apr 2023 · Super App spinout, e& invests $400M

    Careem's Super App business spun out with a $400 million investment from UAE tech holding company e&, splitting the ride-hailing business (Uber-owned) from the super app business.

  3. Jun 2026 · Uber buys back 12.5% stake from e&

    Uber agreed to acquire a 12.5% stake in Careem Technologies from e& for $100 million, reducing e&'s shareholding from 50.03% to 37.53% and opening a path toward Uber reuniting the super app with its ride-hailing business.