{"id":555520,"date":"2021-11-17T04:00:31","date_gmt":"2021-11-17T04:00:31","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/17\/swvl-to-enter-chile-argentina-with-viapool-acquisition\/"},"modified":"2021-11-17T04:00:31","modified_gmt":"2021-11-17T04:00:31","slug":"swvl-to-enter-chile-argentina-with-viapool-acquisition","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/17\/swvl-to-enter-chile-argentina-with-viapool-acquisition\/","title":{"rendered":"Swvl to enter Chile, Argentina with Viapool acquisition"},"content":{"rendered":"

<\/a> H<\/strong>omegrown mass transport startup Swvl <\/strong>will enter Latin America for the first <\/strong>time<\/strong> with the acquisition of a controlling stake in transit company Viapool<\/a>, which operates in Argentina and Chile, according to a company statement<\/a> yesterday. The transaction values Viapool at around USD 10 mn, a source familiar with the matter told Bloomberg<\/a>. Neither party disclosed details of the agreement.<\/p>\n

This is the first time Swvl will run its own marketplace on the continent<\/strong>, having had a soft entry earlier this year with its acquisition of Spanish firm Shotl<\/a>, which operates its on-demand SaaS platform in Brazil. \u201cIt\u2019s very significant for us because it\u2019s our first entry into LatAm with our own marketplace,\u201d Swvl CFO Youssef Salem told us yesterday. \u201cViapool is the market leader in these two countries \u2026 and these are very attractive markets.\u201d<\/p>\n

Viapool has an impressive client list:<\/strong> The company has more than 80 corporate clients, including Unilever, Nestle and Siemens.<\/p>\n

The acquisition is expected to close in 1Q2022<\/strong>, the statement said.<\/p>\n

Nasdaq debut upcoming:<\/strong> Swvl announced in July<\/a> it would go public on the Nasdaq in 4Q2021 through a merger with blank-check firm Queen\u2019s Gambit Growth Capital. The agreement values the company at around USD 1.5 bn and the listing will raise the company\u2019s capital to USD 550 mn from USD 100+ mn.<\/p>\n

Listing to fund big investment plans:<\/strong> The company plans to invest USD 250-300 mn<\/a> over the next three years to expand its global footprint after it goes public. \u201cWe will continue to rapidly pursue strategic initiatives to further enhance shareholder value and capitalize on the synergies of our global platform,\u201d Salem said in the statement.<\/p>\n","protected":false},"excerpt":{"rendered":"

Homegrown mass transport startup Swvl will enter Latin America for the first time with the acquisition of a controlling stake in transit company Viapool, which operates in Argentina and Chile, according to a company statement yesterday. The transaction values Viapool at around USD 10 mn, a source familiar with the matter told Bloomberg. Neither party […]<\/p>\n","protected":false},"author":1,"featured_media":555521,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7363],"tags":[407,2738,72,78,7128,120,328,507],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-555520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-argentina","tag-chile","tag-enterpriseam","tag-ipo-watch","tag-ma-watch","tag-nasdaq","tag-ride-hailing","tag-swvl","wpautop","entry"],"acf":{"mongo_id":"9ff7b137-c8e9-4f0f-b7d8-1eccf7e7cf63","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/11\/488.jpg","photo_position":"above","related_issue":[555516],"teaser":"","voice_url":""},"yoast_head":"\nSwvl to enter Chile, Argentina with Viapool acquisition - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/17\/swvl-to-enter-chile-argentina-with-viapool-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Swvl to enter Chile, Argentina with Viapool acquisition\" \/>\n<meta property=\"og:description\" content=\"Homegrown mass transport startup Swvl will enter Latin America for the first time with the acquisition of a controlling stake in transit company Viapool, which operates in Argentina and Chile, according to a company statement yesterday. 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The investments will target research and development, and supply and customer acquisition, he said. 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In an announcement last week, Swvl said it\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/180.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548203,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/31\/swvl-has-terminated-its-acquisition-of-uk-based-zeelo-due-to-market-volatility\/","url_meta":{"origin":555520,"position":3},"title":"Swvl has terminated its acquisition of UK-based Zeelo due to \u201cmarket volatility\u201d","author":"enterpriseam admin","date":"31 July 2022","format":false,"excerpt":"Swvl\u2019s acquisition of UK-based smart bus platform Zeelo is off: Cairo-born mass transport app Swvl will not be acquiring UK startup Zeelo, after the two companies said they were calling off the transaction due to turmoil in financial markets, Swvl announced in a filing to the US Securities and Exchange\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/316.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546849,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/31\/swvl-slashes-headcount-as-startups-around-the-world-gird-for-nuclear-winter\/","url_meta":{"origin":555520,"position":4},"title":"Swvl slashes headcount as startups around the world gird for nuclear winter","author":"enterpriseam admin","date":"31 May 2022","format":false,"excerpt":"Swvl cuts headcount by a third: Nasdaq-listed mass transport startup Swvl is laying off 32% of its staff in a bid to turn cash flow positive by next year, it said in a statement yesterday. Around 400 jobs will be cut as the company looks to reduce costs, CFO Youssef\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/411.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545023,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/31\/swvl-to-debut-on-the-nasdaq-today-after-spac-merger-approved\/","url_meta":{"origin":555520,"position":5},"title":"Swvl to debut on the Nasdaq today after SPAC merger approved","author":"enterpriseam admin","date":"31 March 2022","format":false,"excerpt":"Swvl is making its landmark Nasdaq debut today: Shares in Egypt-born, UAE-based mass transit app Swvl will start trading on the Nasdaq today, Swvl CFO Youssef Salem confirmed to Enterprise, after shareholders in its SPAC Queen\u2019s Gambit Growth Capital approved the move in a general assembly meeting yesterday. Swvl is\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/712.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/555520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=555520"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/555520\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/555516"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/555521"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=555520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=555520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=555520"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=555520"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=555520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}