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Swvl, the Cairo based bus-booking app has raised $42m, on Thursday, in a bid to expand further into other parts of Africa, which would most probably include Nigeria
The Memorandum of Understanding (MoU) focuses on cooperation in providing safe, convenient, and reliable transport solutions for passengers travelling between major Egyptian cities.
Swvl, the Egyptian app-based mass transit application, announced an $8m series A that was led by regional venture fund BECO Capital, Africa-based investor DiGAME, and venture capital (VC) firm Silicon Badia. Other VC firms, Raed Ventures, Arzan VC, and Oman Technology Fund, and the chairperson of EDventure Holdings, Esther Dyson, also participated in the round. …