Bykea raises $5.7 million in Series A funding

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From helping you reach work at rates cheaper than a rickshaw to transferring money to friends and family, Bykea can do it all and more. Bykea, a technology platform for on-demand transport and related services, announced today that it has completed a $5.7 million Series A round of financing from Pakistan’s first VC fund Sarmaycar and institutional investors from South East Asia and for Middle East. The announcement was made at the National Incubation Center Karachi, as Bykea is one of the Karachi chapter’s first members.

Bykea understands that motorcycles are not just a key means of personal transport in Pakistan, but they also offer a convenient way to dodge traffic. We offer bike rides at a fare lower than a rickshaw. No matter your destination, a Bykea partner is always there.

Over 200K motorbike owners have installed the partner app to connect with over 2M users in major cities of Pakistan. It is supporting multilingual with special importance to Urdu. Therefore the platform is mostly deployed in Urdu with voice notes to facilitate the use of technology by the broadest audience in their local language.

The vision of Bykea is to create opportunities for average Pakistani’s to offer their services and to connect with their communities to create communication, business opportunities, and service opportunities. Bykea is the platform that connects everyone together.

Muneeb Maayr

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