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Swvl Holdings Corp. is an Dubai-based provider of tech-enabled mass transit solutions, offering intercity, intracity, B2B and B2G transportation products and services. Swvl operates in 135 cities in 20 countries across Latin America, Europe, Africa and Asia. [2]
Apr 11, 2022 · Swvl, an Egypt-born, UAE-based mass-transit app, was born out of two formative experiences CEO Mostafa Kandil had early in his career. It's the Middle East's latest tech unicorn, and...
Jul 20, 2017 · Swvl, his less-than-a-year-old startup, has garnered over 50,000 users in three months, and is now making headlines across the region, after reaping a massive $500,000 investment from his former employer Careem, in the unicorn’s first ever investment in another company.
- Post-Funding Feedback, Swvl’S Mission & Business Plans
- Leaving Careem & Then Selling Them A Stake in Swvl
- Risk & Initial Money
- Expansion Plans
- Advice, Role Models, Mentors & Favorite Startups
Zubair:What you’ve achieved in the last six months is stuff of dreams. How do you feel about it and all the hype that you’ve been getting since the announcement of Careem’s investment in SWVL? Mostafa:I have mixed feelings. Obviously, I am very happy about the fact that my team and I have reached this far in such a small amount of time. When we fir...
Zubair:How difficult was the decision to leave Careem as an employee? Mostafa:When I was leaving Careem, it was quire heartbreaking actually. I was in love with Careem. Although my stay at Careem was very short (6 months) but the amount of things I was able to learn in this short time was remarkable. Mudassir Sheikha, the CEO of Careem is quite an ...
Zubair:What’s the biggest risk that you’ve ever taken and how did it turn out? Mostafa:To be honest since I started, I have taken quite a few risks. I think the biggest risk was to shift from being Petroleum Engineer to doing something else. It was not easy to study something and then end up doing a completely different thing. Also, your parents co...
Mostafa:What are the future plans of SWVL esp. about expansion? We want first to expand in Egypt, to be able to cover as many cities as possible. Starting the expansion with second biggest city in Egypt – Alexandria and then in 2018 expand to countries like Pakistan, Jordan & Saudi Arabia. Zubair:Why Pakistan? Mostafa:Pakistan –yes, it’s a bit unco...
Zubair:You’ve founded a Rocket Internet company in Philippines earlier so you must have observed startup ecosystem in South-East Asia very closely. What is it that MENA’s ecosystem could learn from them? Mostafa:I think what’s lacking in MENA ecosystem is experience. When it comes to Egypt, I think we have a lot of technical talent but not that muc...
- Zubair Naeem Paracha
Aug 9, 2021 · Accelerated at The American University in Cairo (AUC) Venture Lab, Swvl is now the first $1 billion-plus Middle East unicorn to list on Nasdaq and the largest African unicorn debut on any U.S.-listed exchange.
Apr 30, 2024 · Swvl is a global technology provider for enterprise and government mobility solutions. The company’s platform provides alternatives to public transportation for individuals who cannot...
Filling a gap in the market between mass transit and ride-hailing, Swvl allows commuters to reserve seats on private buses operating on fixed routes and pay fares through its mobile app. It started in April 2017 with a few buses in the traffic-gridlocked metropolis of Cairo and set up in Egypt’s second-largest city, Alexandria, later that year.
