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

Afrobility: Africa Tech and Business

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2y ago 2:01:01

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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:

Egypt transportation context
Swvl's early history
Product & monetization strategy
Swvl's SPAC public offering
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:

Recommendation: What Does A Batsman See & Matter - Reading App & Build by Tony Fadell
Small win: Started taking long walks again. No music, just walks over an hour
Other content: More Money Than God - Sebastian Mallaby & Dial 911 and Wall Street answers - NY Times

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

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