Swvl wants to undo a $40 million acquisition
Low on cash and high on losses, the Cairo-born mass transit firm wants to undo its 2022 acquisition of Volt Lines for $40 million as it searches for a way to survive.
Source: techcabal.com
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All eyes are on Swvl as it starts trading on a SPAC combination – TechCrunch
Mass transit and shared mobility provider Swvl went public today in a landmark moment for Egyptian and Middle Eastern tech ecosystems. It’s also a test for the company going public despite a market that’s been unfriendly toward combinations with special purpose acquisition companies, or SPACs, of late. The Egypt-born and Dubai-based company has listed its […]
Source: techcrunch.com