Careem is a transportation network company with the origin in Dubai, with operations in 53 plus cities in the Middle East, North Africa, and South Asia. The company is valued at around $1 billion as of 2017.
Recently the company has been itroduced to pakistan and has gained a lot of fame among pakistanis.
Careem has caught the eyes of most Pakistani investors looking for opportunities to invest their money at the right place. Careem is a driven vehicle booking service. With a longe range of vehicle from Rickshaw’s to newly launched cars, the startup has grown quickly.
Document Requirement for Careem
1.Computerized National Identity Card(CNIC)
2.Driving license
3.Proof of vehicle registration or bank authority letter and excise document if the car is leased
4.Photograph with white background
5.IBAN number (Printed on cheque or official Account information statement-Manually written IBAN will not be accepted)
6.Two recent utility bills of current address
7.Car insurance is must
How much you can earn?
You can earn around PKR 100,000-110,000 by meeting the minimum targets on Careem, average 105,000rs for 10 rides daily,30 days a month.This is your Revenue. Tax is also deducted here because this is your income.
Fair Estimation of earnings:
Revenue = PKR 105,000
Tax = PKR 3050
Gross Income= 101,950
Now have
estimation of all costs:
Driver = PKR 25,000
Fuel = PKR 33,000(Average assumed to be 12km per litre, 6000KM monthly)
Maintanence = PKR 5000
Depreciation = PKR 6500
Insurance Charges = PKR 5000
Total Costs = PKR 69,500
So now take a look of the net profit after taking out the expenses.
Profit = Gross Income – Costs
Profit = 101,950-69,500 = PKR 27, 450
So PKR 27, 450 is the total take home money.
You can also confirm with Careem built-in calculator.
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