Swvl to enter Spanish market via Shotl acquisition
- Date: 19-Aug-2021
- Source: Wamda
- Sector:Financial Markets
- Country:UAE
Swvl to enter Spanish market via Shotl acquisition
Source: Reuters
Dubai-based transport startup Swvl has agreed to buy Shotl, an Uber-like service for bus and van operators that caters to municipalities, corporations and educational institutions, a source familiar with the matter told Reuters.
Founded in Egypt in 2017, Swvl also operates a digital platform that allows passengers to reserve and pay for rides with bus operators along fixed routes.
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