Swvl

Swvl, LLC, stylized as SWVL, is an Egyptian bus vehicle for hire, ride-sharing 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]

Swvl, LLC
TypePrivately held company
IndustryTechnology
Vehicle for hire
Founded2017 (2017)
Founder
  • Mostafa Kandil (CEO)
  • Ahmed Sabbah
  • (CTO)
  • Mahmoud Noah
  • (COO) (Resigned 2019)
HeadquartersCairo, Egypt
Area served
Middle East, Africa and Pakistan
ProductsMobile app
ServicesPublic transport
Websiteswvl.com

It was founded in April 2017 by Mostafa Kandil, Ahmed Sabbah, and Mahmoud Noah.[2]

History

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 briefly banned in Kenya along with other bus-hailing apps due to regulatory issues. The issue was resolved swiftly.[7]

In November 2020, They Launched SWVL business in Amman, Jordan.[8]

References
  1. "Egyptian tech transport start up Swvl heads to Southeast Asia". November 22, 2018 – via www.reuters.com.
  2. "Egyptian startup Swvl raises $8 million Series A - DiGAME Investment Company". www.digameinvestment.com. Retrieved 2020-12-12.
  3. "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. "Egypt Bus-App Swvl Raises $42 Million for African Expansion". Bloomberg.com. 20 June 2019. Retrieved 22 October 2020.
  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.
  8. "SWVL Jets Off to Jordan, Launches 'SWVL Business' in Amman". Startupscene. Retrieved 2020-12-12.
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