🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

Back

Ansh Kadam

Founder & CEO at Bui... • 15d

This Uber for buses went from a $1.5 billion valuation to losing 95% of its value, but somehow the founder managed to turn it around. When Mostafa Kandil was a university student in Cairo, he noticed the poor state of public transport and saw an opportunity. So in 2017, he launched SWVL with his friends Ahmed and Mahmoud. The app allowed users to book seats on private buses running fixed routes. SWVL faced multiple challenges like regulatory hurdles and competition from informal transit. But they persevered, refining their technology and expanding to new cities. Within 2 years, the company raised almost $100 million from investors, and in 2019, SWVL moved its headquarters to Dubai to speed up global expansion. By 2021, it operated in multiple countries across Africa, Asia, and Latin America. The company went public, becoming the Middle East’s first unicorn to be listed on NASDAQ with a $1.5 billion valuation. Then COVID hit, and people stopped traveling. At the same time, rising costs and falling currency values in key locations like Egypt made it hard for the company to stay profitable. SWVL’s share price plummeted over 95%, bringing its market value down to just $75 million. So SWVL made tough decisions, laying off hundreds of employees and exiting several markets like Pakistan. Mostafa shifted focus to B2B services and its most profitable regions. This paid off, and in 2023, SWVL made a $3.1 million net profit. The company is now expanding again in the GCC. The lesson? Business growth isn’t just about expansion, it’s about survival, adaptability, and knowing when to pivot. Here’s what you can apply to your own business: ✅ Focus on your most profitable customers and services, especially in tough times. ✅ Be prepared to make hard decisions, cutting costs early can save your company. ✅ Don’t just rely on one revenue stream. Diversifying can be the key to resilience. Want more real-world insights on business, startups, and growth? Subscribe to our newsletter through the link in the comments!

1 replies12 likes
Replies (1)

More like this

Recommendations from Medial

Image Description
Image Description

Hind NFT

Hey I am on Medial • 4m

I am a profitable trader in future and option market .... anyone want to Collab DM me!! Grow together ✅

3 replies5 likes
1
Anonymous

Anonymous

Hey I am on Medial • 9m

Japan-based AC maker Daikin expects to manufacture two million units in India and plans to explore more export opportunities by establishing India as its manufacturing base. According to Daikin Airconditioning India Chairman and Managing Director Ka

See More
0 replies3 likes
Image Description
Image Description

Chamarti Sreekar

Passionate about Pos... • 3m

It took 11 years for Telegram to become profitable. The platform has 950 million monthly active users, including 12 million paying subscribers who contribute to its revenue through a $5/month. They have a team of just 30 engineers managing the in

See More
3 replies8 likes
Image Description
Image Description

JINITH kv

Nothing is greater ... • 3m

Hello Guys I have Idea , To Running Digital Ads in Buses , To Run the Ads in Urban City Buses Like BMTC in Bengaluru, Give me Advise To Start The Business , And also Give Feedback For This Idea 💡.

9 replies2 likes
Image Description
Image Description

Applyly

Hey I am on Medial • 4m

AdvantageClub.ai raises $4 Million Funding: Details and Future Plans AdvantageClub.ai, an employee engagement platform, has raised $4 million in fresh funding. Axilor Ventures led the funding round. Other investors included AFG Ventures, Bytez Ventu

See More
2 replies6 likes
Image Description
Image Description

Shuvodip Ray

 • 

YouTube • 8m

🗞️ How did Uber's initial funding rounds impact its growth Uber's initial funding rounds were crucial in fueling the company's rapid growth and expansion. Uber raised an initial $1.25 million in angel funding from First Round Capital in 2010, which

See More
3 replies11 likes
3
Image Description
Image Description

Ashish Singh

Finding my self 😶‍�... • 2m

🤯 India's fastest unicorn Mensa Brands, founded by Ananth Narayanan in 2021, became India's fastest unicorn, achieving a $1.2 billion valuation in just six months.🫡 The company scales digital-first consumer brands across categories like fashion, b

See More
12 replies16 likes
4
Image Description
Image Description

Mridul Das

Introvert! • 1m

This Chennai based India's first flying taxi startup💡 ePlane is planning to raise $30💵 to $50💵 million as it prepares for its first launch. They have already raised $14 million💵 from venture capital firm Speciale Invest and others in a Series B

See More
3 replies15 likes
3
Image Description
Image Description

Vishu Bheda

 • 

Medial • 5m

Elon Musk spent $300 million to dig a massive tunnel underground. Wall Street called it a publicity stunt. Now it's worth over $100 billion. Here's the insane story of why cities globally are desperate to buy it (and how it could eliminate traffic

See More
12 replies28 likes
7

Ashu Singh

Hey I am on Medial • 6m

Indian electric scooter manufacturer Ather Energy is aiming to raise approximately $530 million through its initial public offering (IPO), as outlined in its draft prospectus filed on Monday. The Bengaluru-based startup plans to capitalize on the inc

See More
0 replies1 like

Download the medial app to read full posts, comements and news.