🚀 Mind-Blowing Transformation at SWVL! Meet SWVL, a groundbreaking mass transit company that began its journey in Egypt and swiftly expanded its innovative transportation solutions across emerging markets. Known for pioneering a tech-driven approach to public transport, SWVL quickly ascended to unicorn status, boasting a valuation of $1.5 billion. This remarkable startup not only revolutionized daily commutes but also marked its debut on Nasdaq in 2022, setting a significant milestone as the first Middle Eastern unicorn to list on such exchange From Red to green: Turned a net loss of $123.6 million in 2022 into a net profit of $3.1 million in 2023. Gross Profit: An eightfold increase, soaring to $4.1 million from just $0.5 million the previous year. Operational profit: Achieved an operating profit of $12.1 million, reversing from an $80.2 million operating loss in 2022. This is what a growth mindset looks like, folks! Adopting a 'growth mindset' versus a fixed mindset not only sparks innovation but drives spectacular turnaround stories. 📈
Thanks for sharing Fadi Rumahi, to me SWVL's awe-inspiring transformation is a testament to the power of a growth mindset. By embracing continuous learning, resilience, and innovation, they turned challenges into opportunities and achieved remarkable success heights. that is why and in my humble opinion growth-mindset is a key pillar and an important skill to adopt moving forward.
Consultant and Trainer | x-Managing Director @ Delivery Hero | PfMP®, PgMP®, PMP®, RMP®
8mohttps://investors.swvl.com/news-releases/news-release-details/swvl-records-31m-net-profit-13-net-margin-and-eightfold-growth