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Careem’s founders put in $100,000. Seven years later, Uber bought it for $3.1 billion

Mudassir Sheikha left McKinsey to co-found Careem in 2012, putting in $50,000 of his own money. Seven years later, Uber agreed to acquire the company for $3.1 billion.

Careem’s founders put in $100,000. Seven years later, Uber bought it for $3.1 billion

Published August 13, 2026 · Category: Finance

Overview

Mudassir Sheikha left McKinsey to co-found Careem in 2012, putting in $50,000 of his own money. Seven years later, Uber agreed to acquire the company for $3.1 billion.

Source

Originally published at www.cnbc.com.

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