5 years ago
Bykea Secures $13M Series B to Fuel Pakistan Expansion
Pakistan-based on-demand logistics and transport startup Bykea has raised $13 million in a Series B round led by Prosus Ventures, with participation from MEVP and Sarmayacar
The funding will be used to expand Bykea's network and solidify its position as a leading super app in Pakistan, offering motorcycle ride-hailing, courier delivery, and payment services.
ProblemTransportation
"In Pakistan, there are 4 times more motorcycles than cars, creating a huge opportunity for on-demand transportation and logistics services. Many people need a way to increase their income, and traditional transportation and logistics options are often unreliable or expensive."
Solution
"Bykea is a super app that offers on-demand motorcycle ride-hailing, courier delivery, and payment services. It provides a platform for people to earn extra income by driving their motorcycles, and it offers a convenient and affordable way for people to get around and have things delivered. Bykea is also localized to Pakistan, with an interface in Urdu, making it more accessible to a wider audience."