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Wamda accelerates entrepreneurship ecosystems throughout MENA by joining Wamda Capital, the most active, multi-stage, sector agnostic VC fund investing in high growth technology or tech-enabled startups across the MENA, and the leading knowledge platform offering integrated programs including thought leadership and research, community development, Wamda’s fellowship program Wamda X, as well as corporate and government advisory services to the various stakeholders of the MENA startup ecosystem.
Episodes
Tuesday Jul 07, 2020
Tuesday Jul 07, 2020
Mudassir Sheikha and Magnus Olsson founded Careem in 2012 initially as a transportation service for the corporate world. It soon became the premier ride-hailing service in the Middle East and within four years grew to become the region’s first technology unicorn.
Last year, US-based Uber acquired Careem in a deal with $3.1 billion, it was an exit unlike any other and marked a poignant moment for the Middle East’s startup ecosystem.
For Mudassir, the exit was merely the closure of Careem’s first chapter and he is now pursuing the company’s second chapter – that is horizontal growth, the launch of its super app and creating a company that inspires and eases life for the region.
In this podcast Mudassir speaks about his role, how it changed over the years and the wider implications of the super app strategy.
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