March 29, 2024

Web and Technology News

SWVL plans to lay off 32% of its team two months after going public

Egypt-born and Dubai-headquartered mobility startup SWVL is planning to lay off 32% of its workforce, it said in a statement today. The company’s LinkedIn profile shows it has over 1,330 employees. Letting go of over 30% of its workforce means that around 400 people will lose their job at the mobility company. Tech companies, private […]

Mass transit group Swvl confirms estimated $100M acquisition of UK start-up Zeelo

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: […]

Mass transit group Swvl confirms estimated $100M acquisition of UK start-up Zeelo

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: […]