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Careem is a Dubai-based super-app with operations in over 70 cities, covering 10 countries across the Middle East, Africa, and South Asia regions. It offers ride-hailing, bicycle rental, food delivery, grocery delivery, and digital wallets. It is 50.03% owned by e&, while its ridesharing company is wholly owned by Uber. History Careem was founded by Mudassir Sheikha, an Americans, American Memon people, Memon of Pakistani origin, and Magnus Olsson of Sweden, who had both worked as management consultants at McKinsey & Company. It started operating in 2012 as a website-based service for corporate car bookings, and evolved to become a ridesharing company with car hire for everyday use. In 2015, the company acquired a Saudi Arabia, Saudi-based home delivery service company, enwani, and Abdulla Elyas joined Careem as co-founder. In 2017, the company announced a program to extend maternity leave and hire more women. In June 2017, Careem launched operations in Palestine as part of a ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ...
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Grocery Delivery
An online grocer is a supermarket or grocery store that allows ordering via websites or mobile apps. The order can either be collected by the customer or delivered to the customer by drivers engaged by the grocer, a food delivery service, or by delivery drones and robots. In-store pickup For brick-and-mortar stores that have online ordering, customers can place orders online and pick up their ready orders in the store on their way home. In-store pickup—sometimes termed "click & collect"—is typically offered for same-day shopping. It is usually less expensive than delivery, and can be done at a time of the customer's choosing. This option is popular in rural areas. It is also useful for customers living outside of the store's local delivery area. Local delivery Most local online grocers have their own drivers. The most common type of personal delivery involves storing grocery inventory in a warehouse to deliver to customers once orders are placed. Another type of person ...
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Maternity Leave
Parental leave, or family leave, is an employee benefit available in almost all countries. The term "parental leave" may include maternity, paternity, and adoption leave; or may be used distinctively from "maternity leave" and "paternity leave" to describe separate family leave available to either parent to care for their own children. In some countries and jurisdictions, "family leave" also includes leave provided to care for ill family members. Often, the minimum benefits and eligibility requirements are stipulated by law. Unpaid parental or family leave is provided when an employer is required to hold an employee's job while that employee is taking leave. Paid parental or family leave provides paid time off work to care for or make arrangements for the welfare of a child or dependent family member. The three most common models of funding are government-mandated social insurance/social security (where employees, employers, or taxpayers in general contribute to a specific publ ...
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Saudi Arabia
Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in West Asia. Located in the centre of the Middle East, it covers the bulk of the Arabian Peninsula and has a land area of about , making it the List of Asian countries by area, fifth-largest country in Asia, the largest in the Middle East, and the List of countries and dependencies by area, 12th-largest in the world. It is bordered by the Red Sea to the west; Jordan, Iraq, and Kuwait to the north; the Persian Gulf, Bahrain, Qatar and the United Arab Emirates to the east; Oman to the southeast; and Yemen to Saudi Arabia–Yemen border, the south. The Gulf of Aqaba in the northwest separates Saudi Arabia from Egypt and Israel. Saudi Arabia is the only country with a coastline along both the Red Sea and the Persian Gulf, and most of Geography of Saudi Arabia, its terrain consists of Arabian Desert, arid desert, lowland, steppe, and List of mountains in Saudi Arabia, mountains. The capital and List of cities ...
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Dawn (newspaper)
''Dawn'' is a Pakistani English language, English-language newspaper that was launched in British Raj, British India by Muhammad Ali Jinnah in 1941. It is the largest English newspaper in Pakistan, and is widely considered the country's newspaper of record. ''Dawn'' is the flagship publication of the Dawn Media Group, which also owns local radio station ''CityFM89'' as well as the marketing and media magazine ''Aurora''. Muhammad Ali Jinnah, Pakistan's founding father, launched the newspaper in Delhi on 26 October 1941, with the goal of establishing it as a mouthpiece for the All-India Muslim League. The first issue was printed at Latifi Press on 12 October 1942. Based in Karachi, it also maintains offices in Lahore, Peshawar, Quetta and the capital city of Islamabad, in addition to having correspondents abroad. , it has a weekday circulation of over 109,000. The newspaper's current chief editor is Zaffar Abbas. History ''Dawn'' began as a weekly publication, based in New Delh ...
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McKinsey & Company
McKinsey & Company (informally McKinsey or McK) is an American multinational strategy and management consulting firm that offers professional services to corporations, governments, and other organizations. Founded in 1926 by James O. McKinsey, McKinsey is the oldest and largest of the " MBB" management consultancies. The firm mainly focuses on the finances and operations of their clients. Under the direction of Marvin Bower, McKinsey expanded into Europe during the 1940s and 1950s. In the 1960s, McKinsey's Fred Gluck—along with Boston Consulting Group's Bruce Henderson, Bill Bain at Bain & Company, and Harvard Business School's Michael Porter—initiated a program designed to transform corporate culture. A 1975 publication by McKinsey's John L. Neuman introduced the business practice of "overhead value analysis" that contributed to a downsizing trend that eliminated many jobs in middle management. McKinsey has been the subject of significant controversy and is the s ...
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Sweden
Sweden, formally the Kingdom of Sweden, is a Nordic countries, Nordic country located on the Scandinavian Peninsula in Northern Europe. It borders Norway to the west and north, and Finland to the east. At , Sweden is the largest Nordic country by both area and population, and is the List of European countries by area, fifth-largest country in Europe. Its capital and largest city is Stockholm. Sweden has a population of 10.6 million, and a low population density of ; 88% of Swedes reside in urban areas. They are mostly in the central and southern half of the country. Sweden's urban areas together cover 1.5% of its land area. Sweden has a diverse Climate of Sweden, climate owing to the length of the country, which ranges from 55th parallel north, 55°N to 69th parallel north, 69°N. Sweden has been inhabited since Prehistoric Sweden, prehistoric times around 12,000 BC. The inhabitants emerged as the Geats () and Swedes (tribe), Swedes (), who formed part of the sea-faring peopl ...
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Tech In Asia
Tech in Asia is a Singapore- and Jakarta-based technology news website covering topics on startups and innovation in Asia. Backed by Facebook co-founder Eduardo Saverin in 2015, it has hosted annual conferences across the continent primarily in Singapore, Tokyo, and Jakarta since 2012. In January 2024, it was reported that SPH Media had completed its purchase of the company. History and growth Founded in 2010 by Willis Wee during his third year at university, Tech in Asia maintains a focus on Asian and Southeast Asian countries, often covering startups and legislative developments from Singapore, Philippines, Indonesia, Vietnam, Thailand, Malaysia, China and India India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since .... One year before offering its articles through its subscript ...
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Entrepreneur (magazine)
''Entrepreneur'' is an American magazine and website that carries news stories about entrepreneurship, small business management, and business. First published in 1977. it is published by ''Entrepreneur Media Inc''., headquartered in Irvine, California. The magazine publishes 10 issues annually, available through subscription and on newsstands. It has been published under license internationally in Mexico, Russia, India, Hungary, the Philippines, South Africa, and others. Its editor-in-chief is Jason Feifer and its owner is Peter Shea. History Since 1979, ''Entrepreneur'' has annually published a list of its top 500 franchise companies. The magazine also published many other lists and awards, one of the most prominent being the Entrepreneur 360 formed to identify businesses mastering the art and science of growing a business. Companies are evaluated based on the analysis of 50-plus data points organized into five pillars; Revenue and Customers, Management Efficiency, Innovation ...
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Memon People
The Memon are a Muslim community in Gujarat India, and Sindh, Pakistan, the majority of whom follow the Hanafi fiqh of Sunni Islam. They are divided into different groups based on their origins: Kathiawari Memons, Kutchi Memons and Bantva Memons from the Kathiawar, Kutch and Bantva regions of Gujarat respectively, and Sindhi Memons from Sindh. Memons have cultural similarities with the Khoja, Bohra, and other Gujarati peoples. They speak the Memoni language as their first language, which shares vocabulary with the Sindhi language, Kutchi language and Gujarati languages. Today Memons are connected through globally recognized organisations such as the World Memon Organisation (WMO) and International Memon Organisation (IMO). History Sindhi, Gujarati origins Memon lineage traces back to the Lohanas who traditionally practiced Hinduism. The origin of the name comes from Mu'min (, "believer" in Arabic) and later evolved to present name Memon. The Memon community ...
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Americans
Americans are the Citizenship of the United States, citizens and United States nationality law, nationals of the United States, United States of America.; ; Law of the United States, U.S. federal law does not equate nationality with Race (human categorization), race or ethnicity but rather with citizenship.* * * * * * * The U.S. has 37 American ancestries, ancestry groups with more than one million individuals. White Americans form the largest race (human classification), racial and ethnic group at 61.6% of the U.S. population, with Non-Hispanic whites, non-Hispanic Whites making up 57.8% of the population. Hispanic and Latino Americans form the second-largest group and are 18.7% of the American population. African Americans, Black Americans constitute the country's third-largest ancestry group and are 12.4% of the total U.S. population. Asian Americans are the country's fourth-largest group, composing 6% of the American population. The country's 3.7 million Native Americans i ...
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Careem Logo
Careem is a Dubai-based super-app with operations in over 70 cities, covering 10 countries across the Middle East, Africa, and South Asia regions. It offers ride-hailing, bicycle rental, food delivery, grocery delivery, and digital wallets. It is 50.03% owned by e&, while its ridesharing company is wholly owned by Uber. History Careem was founded by Mudassir Sheikha, an Americans, American Memon people, Memon of Pakistani origin, and Magnus Olsson of Sweden, who had both worked as management consultants at McKinsey & Company. It started operating in 2012 as a website-based service for corporate car bookings, and evolved to become a ridesharing company with car hire for everyday use. In 2015, the company acquired a Saudi Arabia, Saudi-based home delivery service company, enwani, and Abdulla Elyas joined Careem as co-founder. In 2017, the company announced a program to extend maternity leave and hire more women. In June 2017, Careem launched operations in Palestine as part of a ...
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