Swvl

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Swvl, LLC
Privately held company
IndustryTechnology, transportation network company
Founded2017; 3 years ago (2017)
FounderMostafa Kandil
HeadquartersCairo, Egypt
Area served
Middle East, Africa and South Asia Pakistan
ProductsMobile app
ServicesPublic transport
Websiteswvl.com

Swvl, LLC, stylized as SWVL, is an Egyptian bus transportation network company based in Cairo, with operations in more than five countries. It opera­tes buses along fixed routes and allows customers to reserve and pay for them using an app.[1]

It was founded in April 2017 by Mostafa Kandil.[2]

History[edit]

In early 2019, it expanded its operations to Kenya.[3] The company has partnered with BRCK for free wifi in its buses.[4] In the same year, it also expanded to Nigeria.[3]

In June 2019, the company raised US$42 million for its expansion in Africa.[5]

In July 2019, it expanded its operations to Pakistan, starting with Lahore.[3] In September, it expanded its operations to Karachi, and Islamabad.[3] The company announced that it has plans to invest $25 million in Pakistan.[6]

In October 2019, they were banned in Kenya due to regulatory issues.[7]

References[edit]

  1. ^ "Egyptian tech transport start up Swvl heads to Southeast Asia". November 22, 2018 – via www.reuters.com.
  2. ^ http://www.crunchbase.com/organization/swvl
  3. ^ a b c d "Egyptian firm expands further into Pakistan". DAWN.COM. September 17, 2019.
  4. ^ "Startups BRCK and Swvl partner on free Wi-Fi for Kenyan ride-hail buses".
  5. ^ https://www.bloomberg.com/news/articles/2019-06-20/egyptian-rival-to-uber-raises-42-million-for-african-expansion
  6. ^ "SWVL to invest $25m to fund in Pakistan". samaa.tv. November 3, 2019.
  7. ^ Dahir, Abdi Latif. "Bus-hailing apps in Kenya are facing their first major regulatory challenge". Quartz Africa.