Careem co-founders talk to Sarwa about their relationship with money and their investment strategy They came. They hustled. They conquered. No one would have thought that two former strategy consultants toiling away in a tiny office in Shatha Tower in Dubai Media City would one day go on to create what is considered the region’s first true unicorn: Careem.

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The story behind Careem by Magnus Olsson, our Co-founder, on iTech news

Today, the company is the largest ride-hailing company in the Middle East and operates in more than 100 cities across 13 countries. However, Careem’s board will be overhauled, with three seats going to Uber representatives and two belonging to Careem. Sheikha, who is Careem’s CEO, and Olsson will have board seats. The co-founders Mudassir Sheikha, Magnus Olsson and Abdulla Elyas are staying on with Careem following the acquisition. However, Careem’s board will be overhauled, with 3 seats going to Uber representatives and 2 belonging to Careem. Sheikha, who is Careem’s CEO, and Olsson will have board seats.

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They conquered. No one would have thought that two former strategy consultants toiling away in a tiny office in Shatha Tower in Dubai Media City would one day go on to create what is considered the region’s first true unicorn: Careem. The news has been making rounds that Uber will be acquiring Careem soon. The news is authentic and both the ride hailing companies have reached an agreement whereby Uber is all set to acquire Careem by the first quarter of 2020. Uber is acquiring Careem for $3.1 billion. Uber will pay $1.4 billion in cash whereas $1.7 billion will be paid in 2018-02-04 Careem’s mission is to simplify and improve the lives of people and build a lasting organization that inspires.

Magnus Olsson, vd och grundare av Careem.

Careem Co-Founders | Mudassir Sheikha & Magnus Olsson | Talks at Google - YouTube.

We hear from Magnus Olsson, founder and Managing Director of ride-hailing giant Careem on how they joined the unicorn club with Lyft and Uber. The founders of Careem; Mudassir Sheikha, Magnus Olsson, and Abdullah Elyas, who have been a part of Endeavor’s network since 2018, have invested in Endeavor Catalyst’s latest fund, its MD stated in the announcement. The size of their investment was not disclosed.

Magnus olsson careem wife

Magnus Olsson från Lund var fram tills i går en tämligen okänd svensk affärsman för de flesta. Visserligen har det ryktats i några år om att hans taxitjänst Careem var en framgångssaga i Mellanöstern och att konkurrenten Uber gärna ville lägga vantarna på bolaget.

Magnus olsson careem wife

Launched in Dubai by Magnus Olsson and Mudassir Sheikha, former Careem co-founders Mudassir Sheikha and Magnus Olsson on surging forward with growth plans, staying true to its founding values, and being awesome.

2019 Cofondée par deux ex consultants de McKinsey & Company, Mudassir Sheikha et Magnus Olsson, la plateforme a vu le jour en juillet 2012. Magnus Olsson. Co-Founder at Careem. Join to edit.
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After completing a decade in Silicon Valley, Sheikha moved to the UAE in 2008, and served as a management consultant for McKinsey & Company for four years before launching Careem in July 2012. Careem said it plans to bring bike-sharing to more cities throughout the region over the next year.

Managing Director - Mobility of People + UAE/Pakistan.
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When not at Careem, Magnus spends significant time mentoring start-ups and supporting the tech ecosystem. He lives in Abu Dhabi with his wife and two children. Sign up to receive new Scale-Up Insights episodes as soon as they’re released

You might need to have some sort of company for visa reasons, but I was just sponsored by my wife for a long time, so if you have a partner who can do that it can be good. Although I actually needed an NOC from my wife to have permission to start Careem! 2016-12-19 Careem Co-Founders | Mudassir Sheikha & Magnus Olsson | Talks at Google - YouTube. 2016-01-13 2015-11-15 Magnus Olsson Co-Founder, Careem. Prior to Careem, Magnus was an Engagement Manager at McKinsey & Company. He was part of the high-tech practice and advised clients globally on strategy and business-building.