#54: Swvl - How the bus mobility platform became one of the largest transportation companies in Africa
Afrobility: Africa Tech and BusinessJuly 22, 2022
02:01:01221.61 MB

#54: Swvl - How the bus mobility platform became one of the largest transportation companies in Africa

Overview:  Today, we’re going to talk about Swvl, the Egyptian and Dubai based mobility platform. We’ll explore the Swvl story across 5 areas:

  1. Egypt transportation context
  2. Swvl's early history
  3. Product & monetization strategy
  4. Swvl's SPAC public offering
  5. Overall outlook.

This episode was recorded on July 17, 2022

Companies discussed: Swvl, Careem, Uber, Treepz & Rocket Internet

Business concepts discussed: Mobility strategy, Ridesharing, Bus sharing, Public transportation, infrastructure dependencies, IPOs & Special Purpose Acquisition Companies (SPACs)

Conversation highlights:

  • (01:00) - Intro and why we’re discussing this topic
  • (06:15) - Context on Egypt and Africa ridesharing
  • (13:50) - Founders’ background and Swvl founding
  • (25:22) - Fundraising and geographical expansion
  • (31:15) - Expansion strategy and acquisitions
  • (38:12) - Product and monetization strategy
  • (59:16) - Competition and SPAC
  • (1:16:55) -  Bankole’s overall thoughts and outlook
  • (1:30:15) - Olumide’s overall thoughts and outlook
  • (1:44:35) - Recommendations and small wins

Olumide’s recommendations & small wins:

  • Recommendation:  The Power Law book - About the history of venture capital
  • Recommendation: Nas - One Mic
  • Small win: Upgraded RAM in my old laptop, I haven't done that in a while. It feels awesome to do something mechanical like that
  • Interested in investing in Africa Tech with Olumide: Read about Adamantium fund & contact me at olumide@afrobility.com
  • Founders looking for funding: If you're a B2B founder working on Education, Health, Finance or food, please contact me for funding at olumide@afrobility.com

Bankole’s recommendations & small wins:

Listeners: We’d love to hear from you. Email info@afrobility.com with feedback!

Founders & Operators: We'd love to hear about what you're working on, email us at info@afrobility.com

Investors: It would be great to link up with you. Contact us at info@afrobility.com