Swvl Holdings Corp. (NasdaqGM:SWVL) signed a definitive agreement to acquire Zeelo LTD. for $100 million on April 28, 2022. Swvl issuing shares as part of the transaction consideration, an aggregate of 21,970,000 shares of its Class A Ordinary Shares to be issued for the transactions with each of Shotl, Viapool, Volt, door2door and Zeelo. The acquisition is expected to be completed in May 2022. The transaction was not completed in May, 2022. O. Keith Hallam III and Sanjay Murti of Cravath, Swaine & Moore LLP acted as financial advisor to Swvl.

Swvl Holdings Corp. (NasdaqGM:SWVL cancelled the acquisition of Zeelo LTD. on July 29, 2022.