They Turned $100K Into Uber’s $3.1B Deal
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Mudassir Sheikha and Magnus Olsson each put $50,000 into Careem in 2012, starting with a basic booking website and manually calling drivers to arrange rides. Seven years later, Uber agreed to acquire Careem in a deal valued at $3.1 billion. Today, Careem spans ride-hailing, food and grocery delivery, payments and other everyday services across the Middle East. Watch the latest episode of “Founder Effect” on the link below to learn how Sheikha built Careem, why the company sold to Uber and what comes next. #CNBC #CNBCMakeIt #Entrepreneur #FounderEffect #Careem ----- Subscribe: @cnbci CNBC International Live: @cnbcinternationalive LinkedIn: https://www.linkedin.com/showcase/cnbc/ TikTok: https://www.tiktok.com/@cnbc Facebook: https://www.facebook.com/cnbc Instagram: https://www.instagram.com/cnbc Threads: https://www.threads.net/@cnbc X: https://twitter.com/CNBC Telegram: https://t.me/cnbc
Tags: CNBC, CNBC Explains, CNBC International, Founder Effect, CNBC Make It, startup founder, Abu Dhabi, Lessons from entrepreneurs, technology, Careem, Careem story, Careem founder, Mudassir Sheikha, Careem CEO, Uber Careem, Uber acquisition, Uber buys Careem, Careem 3.1 billion, Middle East startup, UAE startup
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