Mass transit group Swvl confirms estimated $100M acquisition of UK startup Zeelo

Mass transit group Swvl confirms estimated $100M acquisition of UK startup Zeelo

Mass transit group Swvl has confirmed to TechCrunch its deal to buy U.K. startup Zeelo, estimated to be a $100 million acquisition, according to sources. The Egyptian-born startup that provides shared transportation services for intercity and intracity trips, recently expanded into Turkey with its acquisition of Volt Lines. Earlier this year it went public (NASDAQ: SWVL) via a SPAC. The agreement to acquire Zeelo, which claims to be the U.K.’s …

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