Mass transit group Swvl confirms estimated $100M acquisition of UK start-up Zeelo
https://techcrunch.com/2022/04/28/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: SWVL) via a SPAC.
