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Bykea

Bykea

Bykea offers an app for transportation, courier, cash payment and food delivery services in Pakistan.

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Contents

bykea.com
Is a
Organization
Organization
Company
Company

Company attributes

Industry
‌
Scooter
Transportation
Transportation
Ridesharing
Ridesharing
Logistics
Logistics
Delivery (commerce)
Delivery (commerce)
Location
Pakistan
Pakistan
Karachi
Karachi
B2X
B2B
B2B
CEO
Muneeb Maayr
Muneeb Maayr
Founder
Muneeb Maayr
Muneeb Maayr
AngelList URL
angel.co/bykea-1
Pitchbook URL
pitchbook.com/profiles...233019-28
Email Address
info@bykea.com
Phone Number
+922138654444
Full Address
4th Floor, Ebrahim Estates, Shahrah-e-Faisal, Karachi, Karachi, Sindh 74500, PK0
Investors
Sarmayacar
Sarmayacar
Prosus Ventures
Prosus Ventures
Middle East Venture Partners (MEVP)
Middle East Venture Partners (MEVP)
Founded Date
2017
0
Total Funding Amount (USD)
30,700,000
Latest Funding Round Date
June 27, 2022
Glassdoor ID
2914650
CFO
Baset Chaudhry
Baset Chaudhry
Key People
Sameer Salehin
Sameer Salehin
Saad Kamal Shamsi
Saad Kamal Shamsi
Shamsa Khoja
Shamsa Khoja
Malik Ahmad Waheed
Malik Ahmad Waheed
‌
Abbas Shahid
Fawad Uz Zafar Khan
Fawad Uz Zafar Khan
Jonas Eichhorst
Jonas Eichhorst
Faraz Punjani
Faraz Punjani
...
Latest Funding Type
Series B
Series B
COO
Rafiq Malik
Rafiq Malik
Wellfound ID
bykea-1

Other attributes

Company Operating Status
Active
Latest Funding Round Amount (USD)
10,000,000

Bykea is a motorcycle- focused ride-hailing and courier app local to Pakistan. The platform was founded and developed in 2016 by Muneeb Maayr, Abdul Mannan, Ishaq Kothwala and Rafiq Malik. Their aim is to solve the problem of transportation and delivery while providing an income opportunity for the lower income sector. As of 2019, they operated out of Karachi, Rawalpindi, Islamabad and Lahore.

Bykea competes against Uber and Careem in Pakistan by offering their app in Urdu; with lower fares, born out of the lower maintenance and fuel costs of their bikes; with their courier service, which allows small business to reach their customers faster; with their money transfer service; and, with their food delivery service, which uses local caterers and offers lower costs than a service like Food Panda.

Series A funding

In May, 2019, Bykea completed a $5.7 million Series A round of financing lead by Pakistan's first venture capital fund Sarmaycar. Jonas Eichhorst was involved in the Series A and joined Bykea's board afterwards. Initially preferring to be anonymous, Middle East Venture Partners (MEVP) announced in August 2019 they'd invested $2 million in the Series A.

Partnerships

In 2018, Bykea and Mahvash and Jahangir Siddiqui Foundation (MJSF) announced the MJSF Bikers Support Scheme. Through the program, Bykea bikers would be able to apply for interest free loans for the purchase of a smartphone, equipment and license facilitation with a cost range between 6,000 - 12,000 PKR.

In February, 2019 Jazz and Bykea announced a partnership which offered Bykea an Internet Payment Gateway for their app, rider payment collection at JazzCash agents and, for their employees, a mobile extension number; this meant drivers would no longer have to use personal numbers for customers to reach them.

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

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