The Careem Mafia — Dealroom

Alumni who left Careem and founded venture-backed startups. 54 startups spanning enterprise software, consumer, fintech. 13 countries, $2.6B+ combined enterprise value. Notable names include SILQ, Bazaar, Magma Math.

• 54 companies
• 0 unicorns ($1B+)
• $2.6B combined enterprise value
• 13 countries
• Founded 2015–2025

Companies

1. SILQ

   Founder: Mohammed Aldossary · Valuation: $440M · Founded 2025 · Sector: enterprise software · HQ: Saudi Arabia

2. Bazaar

   Founder: Saad Jangda · Valuation: $280M · Founded 2020 · Sector: consumer · HQ: Karachi, Pakistan

3. Magma Math

   Founder: Arvid Gilljam · Valuation: $260M · Founded 2015 · Sector: enterprise software · HQ: Stockholms kommun, Sweden

4. MaxAB

   Founder: Belal EL-Megharbel · Valuation: $200M · Founded 2018 · Sector: consumer · HQ: Cairo, Egypt

5. Dastgyr

   Founder: Muhammad Owais Qureshi · Valuation: $148M · Founded 2020 · Sector: consumer · HQ: London, United Kingdom

6. Retailo

   Founder: Wahaj Ahmed · Valuation: $145M · Founded 2020 · Sector: consumer · HQ: Riyadh, Saudi Arabia

7. Merit Incentives

   Founder: Thrishan P · Valuation: $112M · Founded 2016 · Sector: enterprise software · HQ: Riyadh, Saudi Arabia

8. Abwaab

   Founder: Sabri Hakim · Valuation: $80M · Founded 2019 · Sector: enterprise software · HQ: Amman, Jordan

9. Halan

   Founder: Mohamed (Nagaty) Aboulnaga · Valuation: $60M · Founded 2017 · Sector: enterprise software · HQ: Ash Sheikh Zayed, Egypt

10. Cartona

    Founder: Mahmoud Abdel-Fattah · Valuation: $60M · Founded 2019 · Sector: enterprise software · HQ: Giza, Egypt

11. Truck It In

    Founder: Raza Afzal · Valuation: $52M · Founded 2020 · Sector: enterprise software · HQ: Karachi, Pakistan

12. Flextock

    Founder: Enas Siam · Valuation: $50M · Founded 2020 · Sector: AI · HQ: Cairo, Egypt

13. Valeo Health

    Founder: Ankur Majumder · Valuation: $48M · Founded 2021 · Sector: health · HQ: Dubai, United Arab Emirates

14. NorthLadder

    Founder: Sandeep Shetty · Valuation: $40M · Founded 2017 · Sector: enterprise software · HQ: Amsterdam, Netherlands

15. Alma Health

    Founder: Khaldoon Bushnaq · Valuation: $40M · Founded 2020 · Sector: health · HQ: Amman, Jordan

16. Wisdomise

    Founder: Fardad Zand · Valuation: $38M · Founded 2021 · Sector: crypto · HQ: Switzerland

17. spiderSilk

    Founder: Mossab Hussein · Valuation: $36M · Founded 2019 · Sector: enterprise software · HQ: Dubai, United Arab Emirates

18. Supy

    Founder: Ibrahim B · Valuation: $32M · Founded 2021 · Sector: enterprise software · HQ: Dubai, United Arab Emirates

19. BRKZ

    Founder: Ibrahim Manna · Valuation: $32M · Founded 2022 · Sector: enterprise software · HQ: Saudi Arabia

20. PostEx

    Founder: Adil Naseem · Valuation: $29M · Founded 2020 · Sector: fintech · HQ: Lahore, Pakistan

21. YoLa Fresh

    Founder: Youssef Mamou · Valuation: $28M · Founded 2022 · Sector: consumer · HQ: arrondissement de Hay Hassani مقاطعة الحي الحسني, Morocco

22. Taager

    Founder: Ismail Omar · Valuation: $27M · Founded 2019 · Sector: enterprise software · HQ: Cairo, Egypt

23. Bosta

    Founder: Khaled Kandil · Valuation: $27M · Founded 2017 · Sector: mobility · HQ: Cairo, Egypt

24. DealCart

    Founder: Ammar Naveed · Valuation: $23M · Founded 2022 · Sector: enterprise software · HQ: Karachi, Pakistan

25. SimpliFi

    Founder: Ali Sattar · Valuation: $20M · Founded 2021 · Sector: fintech · HQ: Dubai, United Arab Emirates

26. NOMU

    Founder: Yassir El Ismaili El Idrissi · Valuation: $20M · Founded 2022 · Sector: AI · HQ: Riyadh, Saudi Arabia

27. Penny Software

    Founder: iyad aldalooj · Valuation: $20M · Founded 2020 · Sector: enterprise software · HQ: Riyadh, Saudi Arabia

28. FENIX

    Founder: Jaideep Dhanoa · Valuation: $19M · Founded 2020 · Sector: enterprise software · HQ: Abu Dhabi, United Arab Emirates

29. Ilara Health

    Founder: Sameer Afzal Farooqi · Valuation: $19M · Founded 2018 · Sector: enterprise software · HQ: Nairobi, Kenya

30. Walaris

    Founder: Kyle Meloney · Valuation: $18M · Founded 2017 · Sector: security · HQ: Peachtree Corners, United States

31. Cercli

    Founder: Akeed Azmi · Valuation: $16M · Founded 2022 · Sector: HR · HQ: Dubai, United Arab Emirates

32. Minly

    Founder: Tarek Hosny · Valuation: $14M · Founded 2020 · Sector: enterprise software · HQ: Cairo, Egypt

33. Oware

    Founder: Adil Nisar Vohra · Valuation: $13M · Founded 2021 · Sector: enterprise software · HQ: Wilmington, United States

34. Right Farm

    Founder: Elie Skaf · Valuation: $11M · Founded 2021 · Sector: consumer · HQ: Dubai, United Arab Emirates

35. Swvl

    Founder: Mostafa Kandil · Valuation: $11M · Founded 2017 · Sector: enterprise software · HQ: Dubai, United Arab Emirates

36. Munchies

    Founder: Saad F. · Valuation: $10M · Founded 2020 · Sector: enterprise software · HQ: Karachi, Pakistan

37. Jiye Technologies

    Founder: Ali Amin · Valuation: $10M · Founded 2021 · Sector: fintech · HQ: Lahore, Pakistan

38. Thrivve

    Founder: Ahmad Ramahi · Valuation: $10M · Founded 2021 · Sector: fintech · HQ: Saudi Arabia

39. OCTA

    Founder: Jon Edward Santillan · Valuation: $9M · Founded 2024 · Sector: fintech · HQ: Abu Dhabi, United Arab Emirates

40. Nowlun

    Founder: Mahmoud Khaled · Valuation: $9M · Founded 2022 · Sector: mobility · HQ: Alexandria, Egypt

41. Cassbana

    Founder: Haitham Nassar · Valuation: $8M · Founded 2020 · Sector: enterprise software · HQ: Cairo, Egypt

42. Sharwa

    Founder: Alaa Shalaby · Valuation: $8M · Founded 2022 · Sector: enterprise software · HQ: Cairo, Egypt

43. Zaraye

    Founder: Ahsan Ali Khan · Valuation: $8M · Founded 2021 · Sector: enterprise software · HQ: Karachi, Pakistan

44. Tazah Technologies

    Founder: Abrar Bajwa · Valuation: $8M · Founded 2021 · Sector: enterprise software · HQ: Lahore, Pakistan

45. BusCaro

    Founder: Maha Shahzad · Valuation: $8M · Founded 2022 · Sector: fintech · HQ: Karachi, Pakistan

46. Zarya

    Founder: Faisal Zahid · Valuation: $7M · Founded 2021 · Sector: enterprise software · HQ: Karachi, Pakistan

47. ProcureYard

    Founder: Anshu Kandhari · Valuation: $7M · Founded 2023 · Sector: enterprise software · HQ: Gurugram, India

48. Boxy

    Founder: Ahmed Baqer · Valuation: $6M · Founded 2024 · Sector: enterprise software · HQ: Abu Dhabi, United Arab Emirates

49. Carwah

    Founder: Faisal Alwahtan · Valuation: $6M · Founded 2018 · Sector: mobility · HQ: Riyadh, Saudi Arabia

50. Ovasave

    Founder: Torkia M. · Valuation: $5M · Founded 2022 · Sector: enterprise software · HQ: Abu Dhabi, United Arab Emirates

51. Swag Kicks

    Founder: Mateen Ansari · Valuation: $5M · Founded 2020 · Sector: enterprise software · HQ: Karachi, Pakistan

52. Order

    Founder: Abdulaziz AlSaeed · Valuation: $4M · Founded 2020 · Sector: enterprise software · HQ: Riyadh, Saudi Arabia

53. KalPay

    Founder: Waleed Amjad Islam · Valuation: $4M · Founded 2020 · Sector: consumer · HQ: India

54. Iomete

    Founder: Vusal Dadalov · Valuation: $1M · Founded 2020 · Sector: enterprise software · HQ: Mountain View, United States

Data by Dealroom.co