Bykea

Bykea
Native name
بائیکیا
TypePrivate
IndustryGig work
Founded2016; 10 years ago (2016)
FounderMuneeb Maayr
Headquarters
Karachi
,
Pakistan
Area served
Pakistan
Key people
  • Muneeb Maayr (CEO)
  • Abdul Mannan (CIO)
ProductsAndroid and IOS apps
Websitewww.bykea.com

Bykea, stylised as BYKEA, is a Pakistani ride-hailing service and parcel delivery company based in Karachi. It was founded by Muneeb Maayr in 2016.

History

Bykea was started in December 2016 in Karachi, Pakistan. The company currently operates in four Pakistani cities: Karachi, Lahore, Islamabad, and Rawalpindi.

In 2018, Bykea partnered with Jazz, a Pakistan-based digital communications company. In 2018, Bykea and MJSF (Mahvash and Jahangir Siddiqui Foundation) joined for the Bikers Support Scheme.

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

During the COVID-19 pandemic in Pakistan, Bykea had secured a $13 million investment. However, due to the government's ban on pillion riding to combat the virus, investors reneged on the deal.

In 2021, Bykea raised $10 million from investors to support the expansion of its transportation and logistics services.

Services

Bykea enables a crowdsourced network of motorbike owners to transport people, parcels, on-demand shopping, and payments within a city.

In early 2022, Bykea added rickshaws to its services. By mid-2022, the company began offering both air-conditioned and non-air-conditioned options in its ride-hailing service.

See also

References

  1. ↑ Jamil, Ahmed (6 May 2019). "Is Bykea the first next and only available in Lahore, Islamabad, Rawalpindiand Karachi? 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. ↑ "Is Bykea a candidate for the Pakistani super-app?". Profit by Pakistan Today. November 28, 2020.
  4. ↑ Mughal, Bilal Karim (6 December 2018). "Can Bykea help you beat Karachi's rush hour traffic?". dawn.com. Retrieved 3 June 2019.
  5. ↑ "Mobile marketplace – The story of Bykea with founder Muneeb Maayr". vcastonline.wpcomstaging.com. 20 August 2018. Retrieved 3 June 2019.
  6. ↑ "Bykea onboards Jazz as its Business Solutions Partner". phoneworld.com.pk. 4 February 2019. Retrieved 3 June 2019.
  7. ↑ "MJSF, Bykea Technologies inks pact for Bikers Support Scheme". thenews.com.pk. 20 March 2018. Retrieved 3 June 2019.
  8. ↑ "Ride-sharing app Bykea raises $5.7 million in Series as funding". profit.pakistantoday.com.pk. 30 April 2019. Retrieved 3 June 2019.
  9. ↑ Hanif, Usman (1 May 2019). "Bykea gets $5.7m worth of investment". tribune.com.pk. Retrieved 3 June 2019.
  10. ↑ "CIO Bykea Abdul Mannan on Morning Show News Cafe AbbTakk TV". abbtakk.tv. 7 April 2020. Retrieved 7 April 2020.
  11. ↑ "Investors hold $13m investment in Bykea over pillion riding ban | SAMAA". Samaa TV. Retrieved 2020-08-24.
  12. ↑ "Small-aircraft ride-sharing program takes off in EU". AGCS Global. Retrieved 2020-11-18.
  13. ↑ Mangi, Faseeh (2022-06-27). "Pakistan Ride-Sharing Startup Bykea Raises Funds to Fuel Growth". Bloomberg. Archived from the original on 2022-08-10. Retrieved 2026-07-15.
  14. ↑ Khan, Mutaher (29 July 2018). "Tech talk: Bykea vrooms itself into a hyperlocal marketplace". dawn.com. Retrieved 3 June 2019.
  15. ↑ Ghaz, Uzma (2 January 2018). "These Pakistani startups have the potential to go big in 2018". dawn.com. Retrieved 3 June 2019.
  16. ↑ Ahmed, Ali. "Tech talk: TPL Trakker, Bykea partners to improve Mobile Application". brecorder.com. Retrieved 11 August 2020.
  17. ↑ Naqvi, Kaleem. "Tech talk: TPL Trakker's Location Based Services to Power Bykea's App". technologytimes.pk. Retrieved 11 August 2020.