Swvls Improbable Comeback Sets Its Sights On The West
Summary
Swvl has moved from a near-collapse story to a recovery story, with revenue rising, losses narrowing, and the company approaching breakeven. The company has shifted away from consumer ride-hailing and now focuses on B2B mobility management software for companies, schools, and governments. It has already signed its first SaaS contract in the UK and is targeting expansion into Texas and Chicago. The business now leans on recurring revenue and a growing sales backlog to support entry into developed markets.
Classifications
industries
Telecommunications
applications
Accounting and Taxes
AskAI Classifications
Labels
SaaS
Fleet Management Software
Transportation Management Software
Linked Companies
Swvl
$25M to $50M