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Dubai-based Swvl acquires UK's Zeelo to expand transit platform

RIYADH: Middle East-based transport start-up Swvl has signed a definitive agreement to acquire UK smart bus platform and technology scale-up Zeelo. This transaction provides Swvl, which has locations in Dubai and Cairo, with a launchpad to land and expand business operations in developed markets including the UK, South Africa and the US, according to a company statement. “Swvl
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Mass transit group Swvl confirms estimated $100M acquisition of UK start-up Zeelo – TechCrunch

Mass transit group Swvl has confirmed to TechCrunch its deal to buy UK start-up Zeelo, estimated to be a $100 million acquisition, according to sources. The Egyptian-born startup that provides shared transportation services for intercity and intracity trips, recently expanded into Turkey with its acquisition of Volt Lines. Earlier this year it went public (NASDAQ: […]
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