The Careem Mafia — Dealroom

Alumni who left Careem and founded venture-backed startups. 54 startups spanning enterprise software, consumer, fintech. 13 countries, $3.3B+ combined enterprise value. Notable names include SILQ, Bazaar, Magma Math.

• 54 companies
• 0 unicorns ($1B+)
• $3.3B combined enterprise value
• 13 countries
• Founded 2015–2025

Companies

1. Alma Health

   Founder: Khaldoon Bushnaq · Valuation: $800M · Founded 2020 · Sector: health · HQ: Amman, Jordan

2. SILQ

   Founder: Mohammed Aldossary · Valuation: $550M · Founded 2025 · Sector: enterprise software · HQ: Saudi Arabia

3. Bazaar

   Founder: Saad Jangda · Valuation: $420M · Founded 2020 · Sector: consumer · HQ: Karachi, Pakistan

4. Magma Math

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

5. Dastgyr

   Founder: Muhammad Owais Qureshi · Valuation: $222M · Founded 2020 · Sector: consumer · HQ: London, United Kingdom

6. MaxAB

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

7. Retailo

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

8. Truck It In

   Founder: Haider Navid · Valuation: $78M · Founded 2020 · Sector: enterprise software · HQ: Karachi, Pakistan

9. BRKZ

   Founder: Ibrahim Manna · Valuation: $78M · Founded 2022 · Sector: enterprise software · HQ: Saudi Arabia

10. Valeo Health

    Founder: Ankur Majumder · Valuation: $72M · Founded 2021 · Sector: health · HQ: Dubai, United Arab Emirates

11. Cartona

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

12. spiderSilk

    Founder: Mossab Hussein · Valuation: $54M · Founded 2019 · Sector: enterprise software · HQ: Dubai, United Arab Emirates

13. PostEx

    Founder: Adil Naseem · Valuation: $44M · Founded 2020 · Sector: fintech · HQ: Lahore, Pakistan

14. SimpliFi

    Founder: Ali Sattar · Valuation: $31M · Founded 2021 · Sector: fintech · HQ: Dubai, United Arab Emirates

15. NOMU

    Founder: Yassir El Ismaili El Idrissi · Valuation: $30M · Founded 2022 · Sector: AI · HQ: Riyadh, Saudi Arabia

16. Penny Software

    Founder: iyad aldalooj · Valuation: $30M · Founded 2020 · Sector: enterprise software · HQ: Riyadh, Saudi Arabia

17. Walaris

    Founder: Kyle Meloney · Valuation: $28M · Founded 2017 · Sector: security · HQ: Peachtree Corners, United States

18. Cercli

    Founder: David Reche · Valuation: $24M · Founded 2022 · Sector: HR · HQ: Dubai, United Arab Emirates

19. DealCart

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

20. Minly

    Founder: Tarek Hosny · Valuation: $22M · Founded 2020 · Sector: enterprise software · HQ: Cairo, Egypt

21. OCTA

    Founder: Jon Edward Santillan · Valuation: $21M · Founded 2024 · Sector: fintech · HQ: Abu Dhabi, United Arab Emirates

22. FENIX

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

23. Munchies

    Founder: Saad F. · Valuation: $15M · Founded 2020 · Sector: enterprise software · HQ: Karachi, Pakistan

24. Jiye Technologies

    Founder: Ali Amin · Valuation: $15M · Founded 2021 · Sector: fintech · HQ: Lahore, Pakistan

25. Thrivve

    Founder: Ahmad Ramahi · Valuation: $14M · Founded 2021 · Sector: fintech · HQ: Saudi Arabia

26. Cassbana

    Founder: Haitham Nassar · Valuation: $12M · Founded 2020 · Sector: enterprise software · HQ: Cairo, Egypt

27. Sharwa

    Founder: Aladdin Shalaby · Valuation: $12M · Founded 2022 · Sector: enterprise software · HQ: Cairo, Egypt

28. Tazah Technologies

    Founder: Abrar Bajwa · Valuation: $12M · Founded 2021 · Sector: enterprise software · HQ: Lahore, Pakistan

29. Nowlun

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

30. KalPay

    Founder: Waleed Amjad Islam · Valuation: $6M · Founded 2020 · Sector: consumer · HQ: India

Data by Dealroom.co