{"id":78,"date":"2020-12-16T12:16:57","date_gmt":"2020-12-16T12:16:57","guid":{"rendered":"https:\/\/www.forbesmiddleeast.com\/ar\/lists\/?page_id=78"},"modified":"2020-12-20T09:38:24","modified_gmt":"2020-12-20T09:38:24","slug":"swvl","status":"publish","type":"page","link":"https:\/\/www.forbesmiddleeast.com\/ar\/lists\/the-middle-easts-50-most-funded-startups\/swvl\/","title":{"rendered":"Swvl"},"content":{"rendered":"

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Founders: Mostafa Kandil, Ahmed Sabbah<\/span><\/span><\/div><\/div><\/div><\/div>
The Middle East’s 50 Most-Funded Startups<\/h6><\/div>
Rank: #2<\/span><\/span><\/div><\/div>

Swvl<\/h1><\/div>
Country: U.A.E. <\/span><\/span><\/div><\/div>
Funding: $92 million<\/span><\/span><\/div><\/div>
Investors: Vostok, Beco Capital, MSA, Autotech, Blustone, Endeavor Catalyst, Oman Tech Fund, Arzan VC, Sawari Ventures , Michael Lahyani, DiGAME, Silicon Badia, Raed Ventures, Dash Ventures, Esther Dyson, Emilian Popa, Onsi sawaris and africa legal network<\/span><\/span><\/div><\/div>
Founded In: 2017<\/span><\/span><\/div><\/div>
Mass transit system<\/h6><\/div>

Since its launch in 2017, bushailing app Swvl has built a network of over 600 lines in Cairo and Alexandria, and recently launched in Kenya and Pakistan. Swvl enables riders heading in the same direction to share fixed-route bus trips for a flat fare up to 70% cheaper than other ride-hailing apps. In 2019, the company secured one of the largest Series B rounds in the region, with $42 million raised. The company plans to use the funding to expand its global position and bring the service to more markets that suffer from an inadequate public transportation infrastructure.<\/p>\n<\/div>

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