They Turned $100K Into Uber’s $3.1B Deal

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0:00There were definitely a few times when there was no money in the bank.

0:04Before Careem became one of the defining startup stories of the Middle East,

0:08Mudassir Sheikha was trying to keep it alive from one funding round to the next.

0:13He'd left a safe consulting job,

0:15and he and his co-founder had each invested $50,000 of their own money into the company.

0:23In the early days, Careem wasn't an app that magically matched riders and

0:28drivers. It was the founders calling drivers themselves in the early hours of the morning.

0:34It was radically basic. All we had was a website. We would get an email,

0:40that email would trigger a phone and the phone would start buzzing that there's a

0:44new booking and we'd call each of these different captains manually.

0:48And seven years later, Uber, the rival Careem spent years fighting,

0:53agreed to buy the company in a landmark deal for the region.

0:57To do a deal with our biggest rival, the company that we thought was trying

1:01to kill us, was just very, very difficult for the organization.