Founded to a six-country exit in fourteen months.
Carriage is the clearest evidence of how we operate, so it is set out here in full — with the sources for every figure on the page.
The record
~$200M
Total consideration including earn-outs; approximately $100M (€84.8M) upfront.
Delivery Hero Annual Report
FY2017
~$1.3M
Total raised before the acquisition — a single seed round.
Company record
2016
12,000
Riders, alongside more than 1,000 employees across six countries.
Company record
2017
The problem
In 2016 Kuwait had no reliable own-fleet delivery. Abdullah Almutawa saw it from the other side of the counter, running a restaurant: orders arrived late, or cold, or not at all, and no operator would take responsibility for the rider.
The build
Carriage was founded in March 2016 and its apps went live that May, with its own riders and its own dispatch — the expensive answer, and the one that made service a thing the company controlled rather than bought. Expansion followed into Bahrain, Saudi Arabia, the UAE, Qatar and Egypt — five further markets, each with its own labour and licensing regime.
The exit
Delivery Hero SE (Frankfurt: DHER) announced the acquisition on 29 May 2017 — fourteen months after the company was founded, in Delivery Hero’s own words. The founders stayed: Abdullah joined Delivery Hero’s Global Leadership Council and later became Chairman of Carriage.
What it proves
Speed. Fleet operations at scale. Multi-country regulatory execution. And integration into a listed European group — the four things a partner deploying hardware into this region actually needs to know we can do.
Milestones
March 2016
Carriage founded in Kuwait
Own fleet, own dispatch. Apps live that May.
May 2017
Acquired by Delivery Hero SE
Announced 29 May, fourteen months after founding.
2018
Rent Your Machine founded
Heavy equipment rental, Saudi Arabia and the UAE.
2019
The Taken Seat founded
The model applied deliberately, by Musab and Abdullah Almutawa.
2023
Forbes Middle East
Abdullah Almutawa named among Top Kuwaiti Entrepreneurs.
2026
Rent Your Machine scales in Saudi Arabia
Riyadh office; delivery across all thirteen regions.
Sources
Every figure on this page is checkable. Where a number comes from a company record rather than a public filing, it says so.
Acquisition announcement
Delivery Hero SE, 29 May 2017
Consideration and upfront figure
Delivery Hero SE Annual Report FY2017
Top Kuwaiti Entrepreneurs 2023
Forbes Middle East