Bykea

Bykea, stylized as BYKEA, is a Pakistani vehicle for hire and parcel delivery company which is based in Karachi, Pakistan.[1][2] It was founded by Muneeb Maayr in 2016.

Bykea
Native name
بائیکیا
IndustryTransportation
Founded2016 (2016)
FounderMuneeb Maayr
Headquarters
Karachi
,
Pakistan
ProductsAndroid and IOS Apps
Websitewww.bykea.com

History

Bykea was started in December 2016 from Karachi, Pakistan.[3] The company currently operates in three Pakistani cities Karachi, Lahore & Rawalpindi.[4]

In 2018, Bykea partnered with Jazz, a Pakistan-based digital communications company to provide enhanced digital connectivity and efficiency to users.[5] In 2018, Bykea & MJSF (Mahvash and Jahangir Siddiqui Foundation) joined hands for Bikers Support Scheme.[6]

In 2019, Bykea raised $5.7 million in series A funding from local and international institutions.[7][8]

In the midst of the COVID-19 pandemic in Pakistan, Bykea had secured a $13 million investment but due to the government's ban on pillion riding to combat the virus, investors reneged on the deal.[9][10]

Bykea however successfully closed Series B of $13 million from Prosus in September 2020.[11]

Services

Bykea enables a crowdsourced network of motorbike owners to transport people, parcels and payments within a city.[12][13] [14] [15] [16]

See also

References
  1. Jamil, Ahmed (6 May 2019). "Is Bykea the first next? Pakistani unicorn in the making?". Pakistan Today.
  2. Qadir, Ihsan (26 September 2018). "Bike drivers of Uber, Careem, Bykea hold protest against companies". Pakistan Today. Retrieved 3 June 2019.
  3. Mughal, Bilal Karim (6 December 2018). "Can Bykea help you beat Karachi's rush hour traffic?". dawn.com. Retrieved 3 June 2019.
  4. "Mobile marketplace – The story of Bykea with founder Muneeb Maayr". vcastonline.wpcomstaging.com. 20 August 2018. Retrieved 3 June 2019.
  5. "Bykea onboards Jazz as its Business Solutions Partner". phoneworld.com.pk. 4 February 2019. Retrieved 3 June 2019.
  6. "MJSF, Bykea Technologies inks pact for Bikers Support Scheme". thenews.com.pk. 20 March 2018. Retrieved 3 June 2019.
  7. "Ride-sharing app Bykea raises $5.7 million in Series as funding". profit.pakistantoday.com.pk. 30 April 2019. Retrieved 3 June 2019.
  8. Hanif, Usman (1 May 2019). "Bykea gets $5.7m worth of investment". tribune.com.pk. Retrieved 3 June 2019.
  9. "Investors hold $13m investment in Bykea over pillion riding ban | SAMAA". Samaa TV. Retrieved 2020-08-24.
  10. "Small-aircraft ride-sharing program takes off in EU". AGCS Global. Retrieved 2020-11-18.
  11. Singh, Manish (30 September 2020). "Prosus Ventures leads $13 million investment in Pakistan's ride-hailing giant Bykea". techcrunch.com. Retrieved 30 September 2020.
  12. Khan, Mutaher (29 July 2018). "Tech talk: Bykea vrooms itself into a hyperlocal marketplace". dawn.com. Retrieved 3 June 2019.
  13. Ghaz, Uzma (2 January 2018). "These Pakistani startups have the potential to go big in 2018". dawn.com. Retrieved 3 June 2019.
  14. Ahmed, Ali. "Tech talk: TPL Trakker, Bykea partners to improve Mobile Application". brecorder.com. Retrieved 11 August 2020.
  15. Naqvi, Kaleem. "Tech talk: TPL Trakker's Location Based Services to Power Bykea's App". technologytimes.pk. Retrieved 11 August 2020.
  16. Publisher, Zivallo. "Bykea raises $13 Million in funding led by Prosus Ventures". zivallo.pk. Retrieved 1 October 2020.
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