Careem announces $500K investment in public transportation startup Swvl

Careem, the leading ride-hailing service in the MENA, announced an investment of $500,000 in seed funding into Egyptian bus transportation network Swvl.

Swvl was founded last March by Mostafa Kandil, former Careem market launcher, Mahmoud Nouh and Ahmed Sabbah. The company is looking to provide affordable, reliable and convenient public transportation solutions to Egyptians and others in emerging markets.

Swvl users are able to select pick-up and drop-off locations and track bus...

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