{"id":595120,"date":"2019-09-17T03:56:45","date_gmt":"2019-09-17T03:56:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/"},"modified":"2019-09-17T03:56:45","modified_gmt":"2019-09-17T03:56:45","slug":"swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/","title":{"rendered":"Swvl seeks to raise over USD 100 mn in a financing round in 1Q2020"},"content":{"rendered":"

<\/a> STARTUP WATCH- Swvl is seeking to raise more than USD 100 mn in a financing round in 1Q2020, and targeting a USD 1 bn valuation<\/b> in the coming five years, co-founder and CEO Mostafa Kandil told Reuters<\/a>. \u201cWe were a company worth about USD 2 mn two years ago and our paid-up capital is now USD 80 mn,\u201d he said. The company has been losing money, but expects to become profitable in two to three years, Kandil continued, Currently Swvl\u2019s co-founders \u2014 Kandil, Mahmoud Nouh and Ahmed Sabbah \u2014 own over 30% of the company, while the rest is owned by 17 investment funds, including Sweden\u2019s Vostok New Ventures and the UAE\u2019s BECO Capital.<\/p>\n

To IPO or to be acquired by Uber? That is the question: <\/b>Kandil said that he hopes Swvl will eventually IPO. He also threw another shocking twist to the interview, saying that they would consider buyout offers from companies such as Uber \u2014 which now operates its own bus service in direct competition with Swvl.<\/p>\n

Expansion plans are still in the works:<\/b> Swvl will expand into two cities in Pakistan in the next two weeks, begin operations in Lagos before the end of the year, and expand into Manila in 1H2020, Kandil said. The company is also reportedly eyeing entry into some 10 or 20 new cities next year, with Dar es Salaam and Abidjan being of particular interest, as well as markets in South East Asia. In Egypt, Swvl plans to reach 1 mn trips per day in the coming five years.<\/p>\n

Background:<\/b> In June, Swvl announced its plans<\/a> to launch 50 buses in Lagos by mid-July, having entered Kenya<\/a> earlier this year. Later that month, it raised USD 42 mn<\/a> in the largest-ever funding round for an Egyptian startup. It was recently valued at USD 157 mn, and earlier this month revealed that it was moving<\/a> its headquarters from Egypt to Dubai by November this year, but that Cairo would remain a hub for operations and engineering.<\/p>\n","protected":false},"excerpt":{"rendered":"

STARTUP WATCH- Swvl is seeking to raise more than USD 100 mn in a financing round in 1Q2020, and targeting a USD 1 bn valuation in the coming five years, co-founder and CEO Mostafa Kandil told Reuters. \u201cWe were a company worth about USD 2 mn two years ago and our paid-up capital is now […]<\/p>\n","protected":false},"author":1,"featured_media":595121,"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":[8572],"tags":[72,2380,123,507,207],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-595120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","tag-startups","tag-swvl","tag-transport","wpautop","entry"],"acf":{"mongo_id":"46559950-8110-4f55-8933-cc1dc53f9b88","is_powered_by":true,"section_story_id":"67e8f195-e6df-4f4f-9fd4-9133f27d3228","story_type":"1","photo_url":"https:\/\/ent.news\/2019\/7\/1834.jpg","photo_position":"above","related_issue":[595113],"teaser":"","voice_url":""},"yoast_head":"\nSwvl seeks to raise over USD 100 mn in a financing round in 1Q2020 - 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\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Swvl seeks to raise over USD 100 mn in a financing round in 1Q2020\" \/>\n<meta property=\"og:description\" content=\"STARTUP WATCH- Swvl is seeking to raise more than USD 100 mn in a financing round in 1Q2020, and targeting a USD 1 bn valuation in the coming five years, co-founder and CEO Mostafa Kandil told Reuters. \u201cWe were a company worth about USD 2 mn two years ago and our paid-up capital is now […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-17T03:56:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/1834.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Swvl seeks to raise over USD 100 mn in a financing round in 1Q2020\",\"datePublished\":\"2019-09-17T03:56:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/\"},\"wordCount\":334,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/1834.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\",\"startups\",\"Swvl\",\"transport\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/\",\"name\":\"Swvl seeks to raise over USD 100 mn in a financing round in 1Q2020 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/1834.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2019-09-17T03:56:45+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/1834.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/7\/1834.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Swvl seeks to raise over USD 100 mn in a financing round in 1Q2020\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Swvl seeks to raise over USD 100 mn in a financing round in 1Q2020 - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/","og_locale":"en_US","og_type":"article","og_title":"Swvl seeks to raise over USD 100 mn in a financing round in 1Q2020","og_description":"STARTUP WATCH- Swvl is seeking to raise more than USD 100 mn in a financing round in 1Q2020, and targeting a USD 1 bn valuation in the coming five years, co-founder and CEO Mostafa Kandil told Reuters. \u201cWe were a company worth about USD 2 mn two years ago and our paid-up capital is now […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2019-09-17T03:56:45+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/1834.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Swvl seeks to raise over USD 100 mn in a financing round in 1Q2020","datePublished":"2019-09-17T03:56:45+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/"},"wordCount":334,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/1834.jpg?fit=%2C&ssl=1","keywords":["EnterpriseAM","SPEED ROUND","startups","Swvl","transport"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/","url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/","name":"Swvl seeks to raise over USD 100 mn in a financing round in 1Q2020 - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/1834.jpg?fit=%2C&ssl=1","datePublished":"2019-09-17T03:56:45+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/1834.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/1834.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/17\/swvl-seeks-to-raise-over-usd-100-mn-in-a-financing-round-in-1q2020\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Swvl seeks to raise over USD 100 mn in a financing round in 1Q2020"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/1834.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/1834.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/1834.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":622003,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/swvl-valued-at-usd-100-mn\/","url_meta":{"origin":595120,"position":0},"title":"Swvl valued at USD 100 mn?","author":"enterpriseam admin","date":"25 November 2018","format":false,"excerpt":"INVESTMENT WATCH- Swvl valued at USD 100 mn in series \u2018B\u2019 funding round? Mass transit app Swvl raised \u201ctens of mns of USD\u201d in Series \u2018B\u2019 funding from new and existing investors, CEO and co-founder Mostafa Kandil told Reuters on Thursday. While he did not disclose size of the round\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/4\/1706.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":604917,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/17\/swvl-in-market-for-usd-50-100-mn-loan-to-fund-egypt-foreign-expansion\/","url_meta":{"origin":595120,"position":1},"title":"Swvl in market for USD 50-100 mn loan to fund Egypt, foreign expansion","author":"enterpriseam admin","date":"17 December 2018","format":false,"excerpt":"Swvl in market for USD 50-100 mn loan to fund local, global expansion: Mass transit app Swvl is in talks with Asia-based investment funds to secure a USD 50-100 mn loan to finance its local and global expansion plans, CEO and co-founder Mostafa Kandil tells Al Mal. Kandil is hoping\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599220,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/23\/swvl-raises-usd-42-mn-largest-ever-funding-round-for-an-egyptian-startup\/","url_meta":{"origin":595120,"position":2},"title":"Swvl raises USD 42 mn, largest ever funding round for an Egyptian startup","author":"enterpriseam admin","date":"23 June 2019","format":false,"excerpt":"STARTUP WATCH- Swvl raises USD 42 mn in the largest-ever funding round for an Egyptian startup: Egypt\u2019s Swvl has raised USD 42 mn in Series B2 funding, the mass transportation startup said in a statement to Menabytes. The round was co-led by Swedish VC Vostok Ventures and Dubai-based BECO Capital,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/490.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594543,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/swvl-to-move-headquarters-from-egypt-to-dubai-by-november-2019\/","url_meta":{"origin":595120,"position":3},"title":"Swvl to move headquarters from Egypt to Dubai by November 2019","author":"enterpriseam admin","date":"1 September 2019","format":false,"excerpt":"STARTUP WATCH- Swvl is moving its headquarters out of Egypt: Mass transport app Swvl will move its headquarters from Egypt to Dubai by November this year, co-founder and CEO Mostafa Kandil told Menabytes. The company, recently valued at USD 157 mn, is said to already have a team in place\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":630552,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/24\/swvl-sees-the-largest-funding-round-in-egypt-tech-startup-history\/","url_meta":{"origin":595120,"position":4},"title":"Swvl sees the largest funding round in Egypt tech startup history","author":"enterpriseam admin","date":"24 April 2018","format":false,"excerpt":"INVESTMENT WATCH- Swvl closes the largest funding round in Egypt tech startup history: Mass transit ride-hailing app Swvl received USD 8 mn in Series A funding, the company said in a statement on Monday (pdf). The funding is led by regional venture fund BECO Capital, alongside Africa-based investor DiGAME, global\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/4\/1706.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558499,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/swvl-new-capital-company-eye-debuts-on-egx\/","url_meta":{"origin":595120,"position":5},"title":"Swvl, New Capital company eye debuts on EGX","author":"enterpriseam admin","date":"15 August 2021","format":false,"excerpt":"Swvl could debut on EGX in 2022-2023: Mass transportation startup Swvl is considering an initial public offering on the Egyptian Exchange in 2022-2023 following its planned debut on the Nasdaq in 4Q2021, CFO Youssef Salem told Reuters, without providing further details.News of the company\u2019s Nasdaq ambitions broke last month when\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\/2021\/8\/156.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\/595120","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=595120"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/595120\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/595113"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/595121"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=595120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=595120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=595120"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=595120"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=595120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}