Swvl

UAE-based ride sharing company Swvl has terminated its estimated $100 million acquisition of UK SaaS platform, Zeelo. Zeelo revealed that the deal has been dropped by mutual agreement amid a market downturn, MAGNiTT reported. “The…
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Transport start-up Swvl, based in Dubai and Cairo, expects to turn its first profit in 2024 as it expands into new countries, its chief financial officer Youssef Salem said on Thursday. Swvl last month announced a merger with US-based…
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