The Record · No. 033
Magnus Olsson
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Careem · Mobility
A Swedish ex-McKinsey consultant, he co-founded Careem with Mudassir Sheikha, stayed through the Uber acquisition and the e& super app carve-out, and now leads the company's AI work.
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Magnus
Olsson
Olsson
A Swedish ex-McKinsey consultant, he co-founded Careem with Mudassir Sheikha, stayed through the Uber acquisition and the e& super app carve-out, and now leads the company's AI work.
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Dubai of TomorrowNo. 033
Careem
Founded2012 · Dubai
Raised$3.1B Uber acquisition, 2019
Current roleChief AI Officer, Careem
BackersRakuten, STV, Kingdom Holding, Daimler
Compounding moves
2012 · Co-founded Careem in Dubai with fellow McKinsey alum Mudassir Sheikha
2019 · Uber agreed to buy Careem for $3.1B, the region's biggest tech deal
2023 · e& paid $400M for a 50.03% majority of the spun-out Careem Technologies
2026 · Uber bought back a 12.5% stake in Careem Technologies from e& for $100M
2019 · Uber agreed to buy Careem for $3.1B, the region's biggest tech deal
2023 · e& paid $400M for a 50.03% majority of the spun-out Careem Technologies
2026 · Uber bought back a 12.5% stake in Careem Technologies from e& for $100M
Backed byRakuten, STV, Kingdom Holding, Daimler
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Verified July 10, 2026. Every version of this record is hashed and timestamped to Bitcoin. Inspect the proof chain.
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