Disrupting an Industry with a Mobile App Mr. Mudassir Sheikha, Managing Director CAREEM 13 Sep 2014 Careem is a car booking service through which people in the Middle East can order a car on the web, via our mobile apps, and by calling our hotline Key features Order a car NOW or pre-book for a LATER time Instant driver matching Track the car with real-time ETA Very high reliability and consistent quality Payment by credit 1 You are at the right place at the right time: Mobile Internet will create the most economic value ($4-11 trillion) in the next 10 years SOURCE: McKinsey Global Institute 2 There are four type of mobile apps at the high level; we will focus on how new eCommerce apps can disrupt industries Standalone apps Communication apps Games Email Productivity apps (e.g., calendar) Instant messaging Media consumption apps eCommerce apps Video apps (e.g., YouTube) Incumbent apps (e.g., ENBD, Landmark Group) Music apps (e.g., Anghami) Newspaper and magazines Social media Pure eCommerce players (e.g., Cleartrip, Careem, Foodonclick) 3 There are five ways a new eCommerce app can disrupt industries; you typically need a few or all of these to win the race Disruptive technology • You develop a disruptive new way of assessing or ordering a product / service Disruptive operations • Disruptive tech in itself is not sustainable • You outperform operationally such as in customer service or delivery times Disruptive marketing • More difficult to replicate, but possible w/ time • You market to a completely different segment or in a completely different way (e.g., digital marketing) Disruptive pricing / packaging • You come up with creative pricing and packaging for different target segments • Anghami • Careem • Careem • Jadopado • MarkaVIP • Careem • Cobone 4 It’s not just an app! Mudassir Sheikha mudassir@careem.com 5