Dubai-Headquartered Tech Startup Swvl Announces Plans To Go Public On Nasdaq With A US$1.5 Billion Valuation – Entrepreneur

Dubai-Headquartered Tech Startup Swvl Announces Plans To Go Public On Nasdaq With A US$1.5 Billion Valuation – Entrepreneur

You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

Swvl Inc., a Dubai-based provider of transformative mass transit and shared mobility solutions, has announced its intentions to go public and be listed on Nasdaq through a merger with a special purpose acquisition company (SPAC) called Queen’s Gambit Growth Capital, making it the first unicorn startup from the Middle East to list on the exchange.

Agility, a global supply chain leader operating in many of Swvl’s key markets, has made a significant capital commitment in Queen’s Gambit and the combined company. Zain, a leading mobile voice and data services operator with nearly 50 million active customers across many of Swvl’s current markets, has also invested in the combined company.