{
  "site": "dubai",
  "slug": "mostafa-kandil-swvl",
  "versions": [
    {
      "record": {
        "v": 1,
        "publication": "Dubai of Tomorrow",
        "domain": "dubaioftomorrow.com",
        "slug": "mostafa-kandil-swvl",
        "url": "https://dubaioftomorrow.com/founder/mostafa-kandil-swvl/",
        "cardNo": 21,
        "series": "2026",
        "title": "Mostafa Kandil (Swvl)",
        "date": "2026-07-10",
        "category": "Mobility",
        "card": {
          "founder": "Mostafa Kandil",
          "company": "Swvl",
          "founded": "2017 · Dubai",
          "raised": "$1.5B SPAC valuation, 2022",
          "backers": "BECO Capital, VNV Global, Queen's Gambit Growth Capital",
          "strap": "He listed a Cairo-born bus-booking platform on Nasdaq at a $1.5B valuation, then rebuilt it around B2B and government transport contracts to reach its first annual profit in 2025.",
          "moves": [
            "2017 · Founded in Cairo as a bus-hailing service",
            "2019 · Moved headquarters to Dubai",
            "2022 · Listed on Nasdaq via SPAC merger with Queen's Gambit at a roughly $1.5B valuation",
            "2026 · Reported first annual profit, $1.3M for 2025, while working to cure a Nasdaq delisting notice"
          ],
          "extra": {
            "label": "2025 revenue",
            "value": "$24.2M, up 41%"
          },
          "verified": "2026-07-10"
        },
        "contentSha256": null,
        "prevSha256": null,
        "recordedAt": "2026-07-10T14:57:44.386Z"
      },
      "sha256": "c0f76c5751e582c03d7759c4db020524fe299b31363c2b8f33a1c1e4f2869c01",
      "materialSha256": "1a9b46e4590c5d143e2d8063832582c8f49ad141aa05a8ed43a1da38998d6201",
      "otsStatus": "pending",
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