Careem appoints Ashish Jain as vice president of strategic finance

CAIRO - 31 January 2018: Careem, the region’s leading ride-hailing app, announced Monday the appointment of Ashish Jain as VP of Strategic Finance. In this role, Ashish will be responsible for Careem’s long-term strategic planning, financial planning and analysis, business finance and procurement.

Ashish brings significant experience in finance, strategy and operations. He will lead a team responsible for capital allocation across existing and new businesses and controlling spending across the markets that Careem operates in.

Ashish joins Careem from Snapdeal, one of India’s largest ecommerce companies, where he was senior vice president, overseeing financial planning and analysis, business finance, legal, treasury, company secretarial, investor relations and fundraising.

“I am delighted to join the Careem family. I am excited by the future plans that the company has in store as Careem has achieved amazing progress in such a short time and I think that’s a testament to the impressive team the company has assembled. I’m looking forward to working closely with the team to drive more growth and profitability across the markets.”

Prior to Snapdeal, Ashish was an Associate Partner at McKinsey in Singapore, covering Telecom, Media and Technology (TMT) in South East Asia and before that, Ashish was at Telenor Asia, based out of Bangkok, where he was responsible for investments, M&A, performance management, strategy and business development in the region.

One of his key achievements at Telnor was leading the team that created their winning business plan bid for Myanmar. Ashish also has extensive experience in investment banking and marketing across London, Mumbai and Silicon Valley.

Ashish holds a B.Sc. in Electrical Engineering from the University of Texas at Austin and an MBA from INSEAD in France/Singapore.

Careem is the region’s leading ride-hailing service that provides reliable, safe and affordable transportation choices via a mobile app, on the web and through a call center.

Careem is a pioneer in the region’s ‘sharing economy’ – its mission is to make people’s lives simpler, create millions of jobs, and to BeCareem – to be kind, generous, and inspiring as we move the region towards better living.

Established in July 2012, Careem operates in more than 80 cities across 13 countries in the broader Middle East, including North Africa, Turkey and Pakistan.