SWVL said to have shut down ops in Pak, new startup Buscaro picks up biz

SWVL said to have shut down ops in Pak, new startup Buscaro picks up biz

Swvl's use of shared minibuses makes it cheaper than ride-hailing apps that employ cars. © Reuters

Egypt-born SWVL, a startup that provides tech-enabled mass transit solutions, is said to have shut down its operations in Pakistan since early last month after being in the south Asian market for three years, DealStreetAsia has learnt.

The Dubai-based startup is also said to have significantly scaled down its workforce in Pakistan, according to several employees who have been impacted by the layoffs at SWVL.

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