e& Takes Stake In Careem Super App

e& has signed an agreement with Uber Technologies, Inc and Careem to hold a major stake in the Careem Super App.

The Careem Super App offers users a variety of features all through one dedicated app, including food and grocery delivery, micro-mobility, a digital wallet, fintech services and third-party services like home cleaning, car rental, and laundry.

The first 'everything app' in the Middle East simplifies the ease of availing digital services.

Careem, in 2020, was acquired by Uber and since has become a digital hub providing grocery services through Quik, launching Careem Pay, to make online payments with ease and more. 

Mudassir Sheikha, CEO and Co-Founder of Careem said, "The opportunity to use technology to leapfrog the lives of people in the region is enormous. Uber has been an incredible partner over the last three years as we expanded our mission to simplify the lives of people with everyday services beyond ride-hailing. We are excited to bring e& into the family. Their passion for uplifting the region and the synergies across their portfolio is extremely valuable. With two strong partners in e& and Uber, I have no doubt that we will build the preeminent technology platform of the region."

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