3 ms·
Wikipedia page about swvl is fascinating: the backstories of the people behind look like something written by themselves or by their marketing department (never
by rvba 3y ago
Wikipedia page about swvl is fascinating: the backstories of the people behind look like something written by themselves or by their marketing department (never corrected to neutral point of view).
Then we learn that some spwcial purpose vehicle purchased it and stsrted layoffs nearly immediately? Purchase at last day of march and layoffs in may?
How was the due dilligence made? Were those people not needed?
99% loss of value too
- fakedang 3y agoDue diligence in the Middle East? Haha! The founder rode on the coattails of Careem and its founders. He was even feted by the sheikh of Dubai on Twitter. Careem (itself a former unicorn sold to Uber at $3.1B, now recently sold to a telecom for $400m) exited their position just before the Swvl SPAC.