From Yahoo Finance: 2025-04-27 16:38:00

Swvl Holdings Corp. (NASDAQ:SWVL) is compared to other ride-sharing and food delivery stocks based on hedge fund sentiment. The global ride-sharing market is expected to reach $91.16 billion by 2030, with Asia Pacific leading growth. The online food delivery market is projected to hit $1.57 trillion by 2030, driven by urbanization and technological advancements.

New technology like autonomous robot food delivery is transforming the industry. Grubhub and Avride’s collaboration at The Ohio State University is a prime example. The 100 robots in action there can handle high delivery volumes, showcasing advanced autonomous vehicle technology.

Swvl Holdings Corp. (NASDAQ:SWVL) is a tech-driven mobility company operating in 82 cities across seven countries. Its financial performance for fiscal year 2024 showed a 95% revenue growth and a 64% reduction in cash flows used in operations. The company recently announced a $2 million private placement to support US expansion.

SWVL ranks 8th on the list of the best ride-sharing and food delivery stocks based on hedge fund sentiment. While it shows promise, there are AI stocks with potentially higher returns in a shorter timeframe. Check out the report on the cheapest AI stock for more information.

Read more: Among the Best Ride Sharing Stocks to Buy