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Wireless

Careem buys stake in Egyptian transport start-up

Tuesday 18 July 2017 | 16:43 CET | News
Middle East ride-hailing firm Careem has bought a minority stake in a three-month-old Egyptian start-up that connects commuters with private buses in Cairo, Reuters reported. Careem invested USD 500,000 in Swvl; chief experience officer and co-founder Magnus Olsson will take a board seat.

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Categories: Mobile & Wireless
Countries: Egypt
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