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Egyptian logistical firm launches its operations in ISB and RWP

CAIRO: Egyptian startup, Swvl will enter two more cities of Pakistan. The bus hailing app has decided to expand its operations in Islamabad and Rawalpindi.

Swvl is a bus hailing app, which is a substitute for public transit services.  The startup was founded in Cairo with a mission of rebuilding transit services of the developing world.

The company operates bus lines on fixed routes with customers boarding the buses from specific pick-up spots to be dropped off at their preferred stations. 

Swvl wishes to revolutionize the transit system of developing countries by providing a technologically based substitute for the conventional public transportation system. 

The CEO, Mostafa Kandil has reportedly said that Swvl is planning to enter African and Far Eastern markets before the end of this year. 

The Chief Executive Officer of the bus hailing app is hopeful that Swvl will revolutionize the mass transit option by providing a comfortable option to its users with pay less for more approach. The CEO, Mostafa Kandil said, “We were a company worth about $2 million two years ago and our paid-up capital is now $80 million,”  he expressed that Swvl would eventually go public, but did not say on which stock exchange. 

To book a bus, all is required to download the App from App Store or Play Store, choose the pickup location and drop-off stations along with the preferred time and book a ride. Then a user can board the bus from the selected pickup station.

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