Skip to content
Back to the daily read

Daily Read: Business

Careem's founders recall early struggles before Uber deal

Mudassir Sheikha and his co-founder invested $100,000 of their own money into Careem, a startup that would eventually become one of the defining stories of the Middle East. The company's early days were marked by manual bookings and a basic website. Seven years later, Uber agreed to buy Careem in a landmark deal.

· Watch on CNBC International

The essential points

  1. 01Careem's founders invested $100,000 of their own money into the startup.
  2. 02The company's early days were marked by manual bookings and a basic website.
  3. 03Careem spent years fighting rival Uber before being acquired.
  4. 04Uber agreed to buy Careem in a landmark deal for the region.
The full brief

Mudassir Sheikha and his co-founder invested $100,000 of their own money into Careem, a startup that would eventually become one of the defining stories of the Middle East. The company's early days were marked by manual bookings and a basic website. Seven years later, Uber agreed to buy Careem in a landmark deal.