Dubai of Tomorrow

No. 033 · Magnus Olsson

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This record has been revised 2 times. These dated historical snapshots preserve exactly what was recorded at the time. Hashes establish integrity and timing, not present truth. Current admitted facts appear on the record page. The latest recorded value of each fact says whether the record shows it today.

Historical snapshot, version 3 17 Jul 2026 Anchored to Bitcoin
  • Raised: $3.1B Uber acquisition, 2019

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Historical snapshot, version 2 15 Jul 2026 Anchored to Bitcoin

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Historical snapshot, version 1 10 Jul 2026 Anchored to Bitcoin

Minted

  • Founder: Magnus Olsson
    Shown on the record
  • Company: Careem
    Shown on the record
  • Founded: 2012 · Dubai
    Shown on the record
  • Raised: $3.1B Uber acquisition, 2019
  • Backers: Rakuten, STV, Kingdom Holding, Daimler
    1 of 4 shown on the record; the rest await evidence
  • Strap: 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.
  • 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

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