Careem and Shuttl acquihires Commut

Careem, the leading tech platform for the greater Middle East, has acquired Commut, the Hyderabad based mass transportation app for an undisclosed amount. The deal secures the talent and superior technology of Commut, which will be integrated wholly into Careem, and will accelerate Careem expansion into mass transportation through the addition of bus services across its 100 cities.

Founded by six IIT Hyderabad graduates Commut is a tech-driven bus shuttle service that has been operational in Hyderabad since November 2015. Since inception, they have served 750,000 trips within 100+ existing routes in Hyderabad. Backed by UK-Based Shell-Foundation and 50K Ventures, Commut served over 70,000 customers and onboarded 400 driver-partners. Commut local operations including its customers and driver-partners have now been taken over by Shuttl - a shuttle service provider in India.

As Careem continues to expand across its technology platform, the business will continue to acquire and invest in high impact, relevant and value-driven technology businesses and start-ups that can accelerate growth for Careem and can solve complex problems in the greater Middle East region.

Careem is a pioneer in the region’s ‘sharing economy’ – it’s mission is to simplify and improve the lives of people and build a lasting institution that inspires. Established in July 2012, Careem is the region’s only unicorn, operating in more than 100 cities across 14 countries.