Building @careem Plus || x-Head of Product @chatfood_io || Cofounder at Commut (Acquired by Careem) || Building things and trying to make a difference.
Uber increases investment in Careem
This morning, we announced a transaction where @Uber is acquiring a controlling stake in @Careem through a combination of additional capital and purchasing a portion of e&’s shares. While @eAndGroup will remain a meaningful shareholder and close strategic partner, this move brings Careem and Uber back into a closer, deeply familiar alignment.
Uber and Careem have a long, deeply intertwined history. We came together in 2019, and when the time came, we charted our own independent course to build and grow the Everything App in partnership with e&. That structure enabled us to accelerate our growth, increasing top-line by almost 5X in the last couple of years. Along the way, we proved the Everything App concept that we first introduced in the region back in 2020.
Through all of it, Uber kept investing in the region. From their entry in 2013 to our landmark 2019 acquisition to standing by us through the pandemic, and more recently, launching global-first autonomous vehicles, they have been the ultimate catalyst for the region’s tech ecosystem. I am especially grateful to Uber’s CEO, Dara Khosrowshahi (@dkhos), for his long-standing trust, partnership, and unwavering commitment to our region.
I also want to extend my deepest thanks to the e& team for their partnership. Thank you, Hatem Dowidar (@hdowidar), for believing in the Careem Everything App vision. Thank you, Khalifa AlShamsi (@KhalifaAlshamsi), for being our constant champion within e&. And thank you, Masood M. Sharif Mahmood, for your team’s incredible support. We look forward to continuing to build the region’s most impactful platform alongside you.
To our customers and partners: thank you for your trust and your love. Please know that we do not take it for granted.
To our colleagues, alums, and captains: thank you for your hard work, your sacrifices, and most importantly, your resilience.
Yalla Careem, let’s keep building! We are just 14 years in...
#Careem #Uber #eand #MiddleEastTech #YallaCareem
@Careem got lucky at birth.
It was born and raised in the UAE.
A place where impossible becomes reality, where we first dared to dream. Where towers reach for the sky but the dunes remain rooted in legacy. Where hundreds of languages are spoken but still feels like one large family.
Regardless of what anyone says right now, there is no place like the UAE.
@Careem is proud to be a part of the UAE story; its sands, its soul, its future.
This is home!
A quick operational update.
At @careem, we feel deeply responsible for the trust that you place in us. I am glad to see a sense of normalcy returning this morning. Our teams worked through the night to overcome an infrastructure challenge, and I am pleased to share that all services are fully operational:
1. Rides and Hala were impacted by an external AWS UAE outage yesterday, but after a dedicated overnight effort, both services have been fully restored.
2. Food, Quik, Shops, and Box are operating at full capacity. Our Quik team is prioritizing daily and Ramadan essentials, and delivery times are at normal levels.
3. Careem Pay onboarding flow, which was affected by the same AWS UAE outage at underlying providers, is now fully restored.
I am incredibly grateful to my colleagues who successfully executed a cross-regional infrastructure migration while personally navigating a high-stress environment. Their ability to deliver under these conditions is a testament to both their grit and their trust in UAE’s leadership.
Praying for peace and sanity.
A thread on choosing what to build. I’ve built around fifty products in the last fifteen years. Forty seven with zero users. Three got to a hundred. One reached close to ten million users. There was luck and turning it into skill is what this thread is about.
In Dubai, the only thing higher than the buildings is the expectations for Friday brunch. Check out all the spots we picked for you on Careem DineOut 🍽️ 🥂
IIIT Hyderabad was graded A++ by the National Assessment & Accreditation Council in our third cycle. The Peer Team Visit was completed last week. Receiving the highest grade after A+/A in previous cycles is very motivating!
Big thanks to all who contributed!
Lost my passport and all credit cards in SF due to a car smash and grab. Been circling the police station and Consulate in SF for last 3 days. @CGISFO@nagentv kindly request your help in getting us Emergency Certificates please to travel back. #LostPassports#DesperateIndians
Get ready to go all out with Careem DineOut, your go-to guide for unforgettable dining experiences across #Dubai:
🍽️ Discover and dine at fabulous restaurants
💰 Save up to 30% on your dining bills with #Careem Plus
🚗 Ride in style to these hotspots with Careem