Swvl

Cairo-born and Dubai-based mass transit and shared mobility services provider SWVL has carried out its second round of layoffs affecting 50% of its remaining headcount, according to a statement shared

African genomics startup 54gene has laid off 95 employees, or about 30% of its LinkedIn-sourced 290+ employees. A company’s spokesperson confirmed the news after several sources informed TechCru

Kenyan logistics startup Sendy has laid off 10% of its 300-strong workforce, or 30 employees, according to pan-African news publication TechCabal. This is the latest public layoff news from Africa ov

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All is not well with the proposed acquisition of U.K. start bus platform Zeelo by Mass transit group Swvl. Back in April, we covered how a possible $100 million acquisition was on the cards, and, inde

Zedcrest Capital, a firm known for its debt and equity capital markets investments but who recently started dabbling into venture investments, has launched a $10 million fund for pre-Series A stage st

Wave, an African fintech that offers mobile money services in Senegal and Ivory Coast, laid off about 15% of its workforce last month. TechCrunch first got a whiff of the layoff news on LinkedIn, wher

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 employee

Mass transit group Swvl has confirmed to TechCrunch its deal to buy U.K. startup Zeelo, estimated to be a $100 million acquisition, according to sources. The Egyptian-born startup that provides shared

Swvl, an Egyptian startup that provides shared transportation services for intercity and intracity trips, has expanded into Turkey with its recent acquisition of Volt Lines, a B2B transportation-as-a-

Tofino Capital, a venture capital firm targeting early-stage startups in emerging markets, has launched its $10 million fund. It is announcing the first close of this fund at $5 million and hopes to a

Qureos, a UAE-based edtech and remote work marketplace that is changing how people upskill and get jobs across the globe, plans to grow the uptake of its platform by 10 times this year in its race to

Mass transit and shared mobility provider Swvl went public today in a landmark moment for Egyptian and Middle Eastern tech ecosystems. It’s also a test for the company going public despite a market

Two years ago, the African tech ecosystem saw newfound attention from global players that translated to the continent’s best year of receiving venture capital. From varying sources, it is estimated

In emerging economies, where spending billions to build public transit infrastructure can be out of reach, startups are using technology to meet the mobility needs of a rising urban middle class. Swvl

Queen's Gambit Growth Capital, the women-led SPAC in charge of the deal, called Swvl 'a disruptive platform that solves complex challenges and empowers underserved populations.'

Egypt has a population of over 100 million people. The country has a high mobile and internet penetration necessary for a young and tech-savvy population with 61% below 30. But despite its youthful po

Egyptian-based VC firm Sawari Ventures has closed its $71 million fund for North Africa’s rapidly growing startup ecosystem. The firm first announced its fund in 2018, when it closed an initial