Endeavor

T H E M U LT I P L I E R E F F E C T Alumni of Careem have gone on to found the next generation of influential tech companies, including several in Endeavor's network. MA X AB, an Egyptian B2B food and grocery delivery company, was co-founded by Careem alum Belal EL-Megharbel and Mohamed Ben Halim. As part of the early team at Careem, Belal saw it was possible to build a large tech company in the Middle East. Recognizing the need for better supply chains in Egypt, Belal saw the opening for a new tech company that could help manage procurement and delivery of grocery products to mom-and-pop shops in Egypt. This July, MaxAB raised a $40M Series A, one of the largest ever in the region. SW VL, a company that repurposes underutilized vehicles for shared transit, was inspired by founder Mostafa Kandil's (below right) time at Careem, where he worked in Cairo helping the company enter new markets. In Cairo, he observed that the cost of even a short trip could be a huge portion of the average Egyptian's salary — Swvl aims to change that. With investment from Careem founders, Swvl took off. In August, they acquired Spain's on-demand shuttle booking platform Shotl and a few months later, they followed it up with the acquisition of Argentina's carpooling startup Viapool. With a mission to digitize and revolutionize the wholesale market, SARY is an online B2B marketplace that connects small businesses with a network of wholesale market suppliers and distributors via mobile and web applications. Prior to co-founding Sary, Endeavor Entrepreneur Mohammed Aldossary led the development of Careem's delivery vertical in Saudi Arabia, experience that he leverages today as he works to reshape the wholesale industry. 9

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