{"id":544384,"date":"2022-03-01T04:00:39","date_gmt":"2022-03-01T04:00:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/01\/careem-taps-into-food-delivery-services-with-investment-in-elmenus\/"},"modified":"2022-03-01T04:00:39","modified_gmt":"2022-03-01T04:00:39","slug":"careem-taps-into-food-delivery-services-with-investment-in-elmenus","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/01\/careem-taps-into-food-delivery-services-with-investment-in-elmenus\/","title":{"rendered":"Careem taps into food delivery services with investment in Elmenus"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Uber subsidiary Careem is making an investment in <\/strong><strong>homegrown Egyptian food ordering platform Elmenus<\/strong>, the Dubai-based company said in a statement cited by <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-02-28\/uber-s-careem-is-latest-investor-in-egyptian-food-delivery-scene?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a>. The investment will \u201cextend our reach in one of our largest ride-hailing markets,\u201d Careem co-founder and CEO Mudassir Sheikha was quoted as saying in the statement, adding that the move will also help the company launch its <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cc287a71-28fb-4b51-89b2-3c13cd8090a2\">super app<\/a> across the region.<\/p>\n<p><strong>Like its parent company, Careem wants to do more than just rides: <\/strong>The company <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1641c569-a723-4b38-aaa4-7b78c162fc48\">previously reported<\/a> plans to expand food delivery \u2014 a market worth an estimated USD 2.8 bn in Egypt \u2014 and launch courier and digital payments services. Its food delivery service is already available in cities across Saudi Arabia, the UAE, Jordan, Pakistan and Qatar, according to Bloomberg.<\/p>\n<p><strong>Our friends at Elmenus have scored a handful of investments over the past two years:<\/strong> Just Eat\u2019s former CEO <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2d93972d-5cc5-4245-bdf7-8a425a607272\">invested<\/a> in Elmenus last year, while Fawry led a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5e9a5b97-b309-408e-8f22-bcde84c04af3\">USD 10 mn pre-series C round<\/a> for the company in July, following on from a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2f9ba2d1-6061-4a48-8bbd-c412220d7703\">USD 8 mn<\/a> round in 2020.<\/p>\n<p><strong>OTHER INVESTMENT NEWS-<\/strong><\/p>\n<p><strong>White goods retailer BTech<\/strong><strong> will nearly double its annual investments<\/strong><strong> to EGP 800 <\/strong><strong>mn this <\/strong><strong>year<\/strong>, up from EGP 500 mn in 2021, <a href=\"https:\/\/bit.ly\/3stpquz\">Hapi Journal<\/a> quoted CEO and Managing Director Mahmoud Khattab as saying in a presser yesterday. The retailer aims to add 38 new locations across the country, bringing its total branch count to 153. The company also plans to invest EGP 1bn in tech infrastructure over the next four years, Khattab <a href=\"https:\/\/bit.ly\/3Ixfju3\">reportedly said<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Uber subsidiary Careem is making an investment in homegrown Egyptian food ordering platform Elmenus, the Dubai-based company said in a statement cited by Bloomberg. The investment will \u201cextend our reach in one of our largest ride-hailing markets,\u201d Careem co-founder and CEO Mudassir Sheikha was quoted as saying in the statement, adding that the move will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":544385,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[442,1226,72,125,338],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-544384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-careem","tag-elmenus","tag-enterpriseam","tag-investment-watch","tag-retail","wpautop","entry"],"acf":{"mongo_id":"ea7e200b-6dfe-4a4b-8dfe-61737c6e9e50","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/3\/4.jpg","photo_position":"above","related_issue":[544376],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Careem taps into food delivery services with investment in Elmenus - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/01\/careem-taps-into-food-delivery-services-with-investment-in-elmenus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Careem taps into food delivery services with investment in Elmenus\" \/>\n<meta property=\"og:description\" content=\"Uber subsidiary Careem is making an investment in homegrown Egyptian food ordering platform Elmenus, the Dubai-based company said in a statement cited by Bloomberg. The investment will \u201cextend our reach in one of our largest ride-hailing markets,\u201d Careem co-founder and CEO Mudassir Sheikha was quoted as saying in the statement, adding that the move will [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/01\/careem-taps-into-food-delivery-services-with-investment-in-elmenus\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-01T04:00:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/4.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/01\/careem-taps-into-food-delivery-services-with-investment-in-elmenus\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/01\/careem-taps-into-food-delivery-services-with-investment-in-elmenus\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Careem taps into food delivery services with investment in Elmenus\",\"datePublished\":\"2022-03-01T04:00:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/01\/careem-taps-into-food-delivery-services-with-investment-in-elmenus\/\"},\"wordCount\":254,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/01\/careem-taps-into-food-delivery-services-with-investment-in-elmenus\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/4.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Careem\",\"Elmenus\",\"EnterpriseAM\",\"investment watch\",\"retail\"],\"articleSection\":[\"Investment Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/01\/careem-taps-into-food-delivery-services-with-investment-in-elmenus\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/01\/careem-taps-into-food-delivery-services-with-investment-in-elmenus\/\",\"name\":\"Careem taps into food delivery services with investment in Elmenus - 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The ride-hailing company wants to have deployed USD 11 mn in its local operations by the end of the year, up from USD 3.6 mn at the end of\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599369,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/26\/elmenus-raises-undisclosed-series-b-investment-from-foodora-co-founder\/","url_meta":{"origin":544384,"position":1},"title":"Elmenus raises undisclosed Series B investment from Foodora co-founder","author":"enterpriseam admin","date":"26 June 2019","format":false,"excerpt":"Cairo-based food delivery startup Elmenus has received funding from Foodora co-founder and ex-VP of Delivery Hero Julian Dames, the company said in a statement (pdf) without disclosing the size of the investment. The funding is part of the company\u2019s ongoing series B round. Dames is also joining the Elmenus\u2019 board\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":669167,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/29\/walid-el-saadany-named-new-elmenus-ceo-succeeding-amir-allam\/","url_meta":{"origin":544384,"position":2},"title":"Walid El Saadany named new Elmenus CEO, succeeding Amir Allam","author":"enterpriseam admin","date":"29 July 2025","format":false,"excerpt":"\u201cIt is now the right time to pass the baton as the company enters a new phase of sustainable growth,\u201d said outgoing CEO Amir Allam","rel":"","context":"In &quot;Moves&quot;","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1785.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544339,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/this-evening-careem-to-invest-in-elmenus-talks-between-russian-and-ukrainian-officials-are-currently-underway\/","url_meta":{"origin":544384,"position":3},"title":"THIS EVENING: Careem to invest in Elmenus + Talks between Russian and Ukrainian officials are currently underway","author":"enterpriseam admin","date":"28 February 2022","format":false,"excerpt":"Good afternoon, wonderful people. We have another issue stacked with updates from Ukraine today, as well as a few pieces to get you thinking about the bigger picture on the conflict and its fallout. But first, on the home front\u2026THE BIG STORY TODAY Uber subsidiary Careem is investing an undisclosed\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571245,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/05\/ubereats-exits-middle-east-as-subsidiary-careem-announces-layoffs-closes-bus-service\/","url_meta":{"origin":544384,"position":4},"title":"UberEats exits Middle East as subsidiary Careem announces layoffs, closes bus service","author":"enterpriseam admin","date":"5 May 2020","format":false,"excerpt":"UberEats exits Middle East as subsidiary Careem announces layoffs, closes bus service: Ride-hailing giant Uber\u2019s plans for expansion in the MENA region took a hit yesterday after the company announced that it would discontinue its food delivery platform UberEats regionwide. The company has struggled to gain a foothold in the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/5\/32.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553539,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/07\/is-uber-planning-to-sell-a-stake-in-careem\/","url_meta":{"origin":544384,"position":5},"title":"Is Uber planning to sell a stake in Careem?","author":"enterpriseam admin","date":"7 December 2021","format":false,"excerpt":"Is Uber planning to sell a stake in Careem? Uber is in talks with its Middle East unit Careem to \u201cbring outside investors\u201d into the business, Reuters reports, citing sources in the know. It\u2019s so far unclear what the size or structure of the investment would be, but the sources\u2026","rel":"","context":"In &quot;PLANET FINANCE&quot;","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/544384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=544384"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/544384\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/544376"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/544385"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=544384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=544384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=544384"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=544384"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=544384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}