News - 04.12.2014

Iris Capital, STC Ventures and Al Tayyar Travel Group led a US$ 10 million investment in Careem

Careem announced today that Al Tayyar Travel Group recently led a US$ 10 million investment round in the company with existing investor STC Ventures and other regional investors also participating to further expand its technology-enabled chauffeur-driven car booking service across the Middle East and beyond. Dubai, Riyadh: Careem, the UAE-headquartered app and web -based chauffeur-driven car booking service which serves 14 cities across the Middle East, plans to use the cash infusion to expand its business into new markets, and enrich its technology and operations platform.

Careem was founded in Dubai in 2012 and now operates in Abu Dhabi, Bahrain, Beirut, Cairo, Dammam, Dhahran, Doha, Dubai, Jeddah, Karachi, Khobar, Kuwait, Lahore and Riyadh.