#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:

• 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