SA’s ride-hailing LULA acquires Zeelo

LULA, a ride-hailing platform for corporate commuters, has snapped up the South African arm of Zeelo, a US-born staff bus-sharing startup. The specifics of the cash-only deal are still under wraps.

LULA plans to use Zeelo's network of over 18,000 riders to expand across South Africa. Before the acquisition, Zeelo had racked up more than two million rides annually.

 Zeelo, which stepped into the South African market in 2019 and raised a total of $33.6 million by August 2023, is shifting focus to its markets in the US, UK, and Ireland.

Sam Ryan, Zeelo's Founder and CEO, admitted it was tough to leave the region but expressed excitement about transitioning customers and suppliers to the LULA platform.

By Victoria Fakiya.

Full story at Tech Point Africa.