Mudassir Sheikha

Mudassir Sheikha is an American Pakistani business executive and co-founder and current CEO of the Middle Eastern and North African ride-sharing app company Careem that is based out of Dubai, UAE.[1][2]

Biography

Mudassir grew up in Karachi, Pakistan. He received his bachelor's degree in Computer Science from Lahore University of Management Sciences and later went on to obtain a Master of Science degree in Computer Science from Stanford University in 2007.[3]

In 2012, he left McKinsey & Company to form Careem with ex-McKinsey colleague, Magnus Olsson from Sweden.[4] In 2020 Uber purchased Careem for $3.1 billion USD.[5]

Careem began as a ride-hailing service in Dubai and soon expanded to other cities across the Middle East, North Africa, and South Asia. Under Sheikha's leadership, Careem became one of the fastest-growing start-ups in the region, raising over $771 million in funding and reaching a valuation of over $2 billion. In 2019, Uber announced that it had acquired Careem for $3.1 billion, making it the largest technology deal in the Middle East.[6] Following the acquisition, Sheikha continued as CEO of Careem and assumed the role of board member and advisor.[7]

Personal life

Sheikha is married with a family.[8] He is known for his philanthropic work in Pakistan, particularly in the areas of education and healthcare.[9]

References
  1. Memon, Bilal (2022-07-20). "From seeing a startup go belly up, Careem CEO Mudassir Sheikha has come a long way". Brecorder. Retrieved 2023-04-09.
  2. "CNBC Transcript: Careem CEO Mudassir Sheikha Speaks with Hadley Gamble from the CNBC Evolve Global Summit". CNBC. Retrieved 2023-04-09.
  3. "Mudassir Sheikha - Author Biography". Entrepreneur. Retrieved 2023-03-22.
  4. Ng, Abigail. "Careem CEO says the Middle East is 'not very far' from seeing more billion-dollar start-ups". CNBC. Retrieved 2023-03-22.
  5. "Uber buys rival Careem in $3.1 billion deal to dominate ride-hailing in Middle East". Reuters. 2019-03-26. Retrieved 2023-03-22.
  6. "Dubai's Careem rides high after $3bn Uber buyout". Financial Times. 2019-09-17. Retrieved 2023-04-09.
  7. Olson, Parmy. "Meet The Unicorn That's Beating Uber In The Middle East". Forbes. Retrieved 2023-04-09.
  8. "Careem's Mudassir Sheikha on Co-Founders, Establishing Culture & Balancing Family at a Rapidly Scaling Startup". ROCK CENTER STARTUP GUIDE. Retrieved 2023-04-09.
  9. "Co-Founder Careem, Mudassir Sheikha Donates USD 2 Million to LUMS Syed Babar Ali School of Science and Engineering | Welcome to LUMS". lums.edu.pk. Retrieved 2023-04-11.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.