Wamda

Global

SWVL announces $20 million private placement

Dubai-based mobility and transport solutions provider SWVL, has signed an agreement with US-based institutional investors for the sale and...

Swvl

Egypt

SWVL suspends $100 million acquisition of UK’s Zeelo

Dubai-headquartered transport and mobility solutions provider SWVL, has canceled the proposed acquisition of Zeelo, a...

Swvl

Global

SWVL expands to Mexico with Urbvan acquisition

UAE-based mobility services provider SWVL has acquired Urbvan, a Mexico-based mass mobility startup. Founded in 2016 by Renato Picard...

Urbvan Swvl

Global

SWVL to lay off 32 per cent of its workforce, expects to turn profitable in 2023

Egypt-born and Dubai-headquartered mobility startup SWVL, announced plans to reduce its workforce by 32 per cent. The planned layoffs...

Swvl

Global

SWVL acquires UK's Zeelo for $100 million

Dubai-based mobility startup SWVL, has acquired UK-based B2B smart buses operator startup Zeelo, in a deal valued at $100 million. This...

Swvl

Regional

SWVL acquires Turkish B2B mobility startup Volt Lines

Dubai-based mobility startup SWVL, has acquired Turkey-based B2B mobility startup Volt Lines. Founded in 2017 by Aly Halabi, Volt...

Swvl

Egypt

SWVL debuts on Nasdaq, sets initial offer price at $9.95 per share

UAE-based mobility startup SWVL, has completed its SPAC merger with Queen's Gambit Growth Capital and began trading on the US NASDAQ...

Swvl Nasdaq mobility

Global

SWVL acquires German mobility software startup door2door

Dubai-based mobility startup SWVL, has acquired Berlin-based public mobility solutions provider door2door for an undisclosed...

Swvl

Global

SWVL to invest $15 million to scale its operations in Argentina

Dubai-based mobility startup SWVL announced that it will invest up to $15 million to ramp up its operations in the Argentinian...

Swvl

Global

SWVL raises additonal $21.5 million in PIPE funding

UAE-based mobility solutions provider SWVL has raised an additional $21.5 million in private investment in public equity (PIPE) deal as...

Swvl

Egypt

Has the Egyptian startup ecosystem “made it”?

Michel Assaad is a startup mentor and the vice president of Europe, Middle East and Africa strategy at Citi Bank.The views expressed below...

fawry Swvl Vezeeta

U.A.E

UAE’s Swvl expands into Latin America by acquiring Argentina's Viapool

UAE-based Swvl has entered the Latin American mobility market by acquiring a controlling stake in Argentina's Viapool for...

Swvl Latin America

Global

Swvl to enter Spanish market via Shotl acquisition

The UAE’s latest unicorn Swvl, has agreed to buy Spain-based Shotl, an on-demand shuttle-booking platform according to...

Swvl acquisition

Egypt

Swvl considers listing on Egyptian Exchange in 2022

UAE-based Swvl, initially founded in Egypt, is studying a possible listing on the Egyptian Exchange in 2022 or 2023. Last month,...

Swvl Nasdaq EGX30

Egypt

Zain Telecom launches venture fund, invests in Swvl and Pipe

Kuwaiti mobile telecommunications company Zain has announced the establishment of Zain Ventures. The size of the fund has not been...

Zain Ventures Swvl Pipe

Regional

Swvl eyes IPO via SPAC

UAE-based mass transportation company Swvl, initially founded in Egypt, is reportedly planning to go public via a merger with a special...

Swvl SPAC

Saudi Arabia

Swvl expands to Saudi Arabia

Egypt-founded mass transportation startup Swvl, has expanded to Saudi Arabia to serve the corporate and business sector. The...

Swvl Saudi Arabia Egypt

Regional

The future of mobility: Buses on demand

This is the first part in a series of features examining the impact of Covid-19 on the region's transport and mobility startups Over...

mobility Swvl Buseet

Egypt

Swvl raises over $20 million in new funding round

Source: MenaBytes Swvl, the Cairo-born mobility startup quietly raised over $20 million in a new round right before the spread of...

Swvl mass transport

Pakistan

Swvl expands further into Pakistan

Source: MENAbytes Swvl, the app-based bus hailing startup that is now headquartered in Dubai, is expanding further into...

Swvl Egypt ride hailing

Egypt

The reasons behind Egypt's startup boom

Barely a week goes by without a startup in Egypt announcing an investment round. The country has over the past few years ramped up its...

cairo Swvl Egypt Innovate

Regional

Top five VC deals in the second quarter of 2019

This quarter’s top five disclosed venture capital (VC) deals amounted to $99.1 million, with Egypt’s Swvl accounting for...

Series A series B Swvl

Egypt

Egypt's growing interest in Africa

Toward the end of last year, billboards adorned Egypt’s capital city of Cairo with adverts for Africa-focused conferences and...

africa African Summit Swvl

Egypt

Cairo: the world's test-bed for transportation

Last week, Dubai-based ride-hailing app Careem launched an on-demand tuk tuk service in Cairo without any fanfare. The move marked the...

cairo ride hailing ride sharing

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