Swvl
Offering a bus transportation service where passengers can reserve and pay their fare via mobile app.
Launch date
Employees
Market cap
$48.8m
Enterprise valuation
$48m (Public information from Sep 2024)
Share price
$3.19 SWVL
Dubai Dubai Emirate (HQ), Cairo Cairo Governorate (founding location)
Financials
Estimates*
| USD | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Revenues | 12.4m | 17.3m | 38.3m | 51.5m | 22.9m |
| % growth | - | 40 % | 121 % | 34 % | (56 %) |
| EBITDA | (40.4m) | (32.3m) | (99.0m) | (10.0m) | (7.5m) |
| % EBITDA margin | (327 %) | (187 %) | (258 %) | (19 %) | (33 %) |
| Profit | (35.3m) | (29.7m) | (141m) | (116m) | 3.1m |
| % profit margin | (285 %) | (172 %) | (369 %) | (226 %) | 13 % |
| EV / revenue | - | - | - | 0.4x | 0.5x |
| EV / EBITDA | - | - | - | -2.0x | -1.4x |
| R&D budget | <1m | 1.0m | 3.8m | 9.0m | 1.1m |
| R&D % of revenue | 6 % | 6 % | 10 % | 18 % | 5 % |
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
* | $500k | Early VC | |
$8.0m | Series A | ||
$30.0m Valuation: $100m | Series B | ||
* | $42.0m Valuation: $157m | Series C | |
* | $20.0m Valuation: $157m 12.7x EV/LTM Revenues -3.9x EV/LTM EBITDA | Late VC | |
$100m Valuation: $1.5b 86.6x EV/LTM Revenues -46.4x EV/LTM EBITDA | SPAC Private Placement | ||
$345m Valuation: $1.5b 86.6x EV/LTM Revenues -46.4x EV/LTM EBITDA | SPAC IPO | ||
* | $21.5m | Private Placement VC | |
* | $6.3m | Post IPO Equity | |
| Total Funding | $222m | ||
