Company:Bykea

From HandWiki
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, stylized as BYKEA, is a Pakistani ride-hailing service and parcel delivery company based in Karachi.[1][2] It was founded by Muneeb Maayr in 2016.[3]

History

Bykea was started in December 2016 in Karachi, Pakistan.[4] The company currently operates in four Pakistani cities: Karachi, Lahore, Islamabad, and Rawalpindi.[5]

In 2018, Bykea partnered with Jazz, a Pakistan-based digital communications company, to provide enhanced digital connectivity and efficiency to users.[6] In 2018, Bykea and MJSF (Mahvash and Jahangir Siddiqui Foundation) joined for the Bikers Support Scheme.[7]

In 2019, Bykea raised $5.7 million in series A funding from local and international institutions.[8][9]

In the midst of the COVID-19 pandemic in Pakistan,[10] 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.[11][12]

In 2021, Bykea raised $10 million from investors to support the expansion of its transportation and logistics services.[13]

Services

Bykea enables a crowdsourced network of motorbike owners to transport people, parcels, on-demand shopping, and payments within a city.[14][15][16][17]

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. https://profit.pakistantoday.com.pk/2019/05/06/is-bykea-the-first-next-pakistani-unicorn-in-the-making/. 
  2. ↑ Qadir, Ihsan (26 September 2018). "Bike drivers of Uber, Careem, Bykea hold protest against companies". Pakistan Today. https://www.pakistantoday.com.pk/2018/09/26/bike-drivers-of-uber-careem-bykea-hold-protest-against-companies/. 
  3. ↑ "Is Bykea a candidate for the Pakistani super-app?". November 28, 2020. https://profit.pakistantoday.com.pk/2020/11/28/is-bykea-a-candidate-for-the-pakistani-super-app/. 
  4. ↑ Mughal, Bilal Karim (6 December 2018). "Can Bykea help you beat Karachi's rush hour traffic?". dawn.com. https://www.dawn.com/news/1313978. 
  5. ↑ "Mobile marketplace – The story of Bykea with founder Muneeb Maayr". vcastonline.wpcomstaging.com. 20 August 2018. https://vcastonline.wpcomstaging.com/mobile-marketplace-the-story-of-bykea-with-founder-muneeb-maayr/. 
  6. ↑ "Bykea onboards Jazz as its Business Solutions Partner". phoneworld.com.pk. 4 February 2019. https://www.phoneworld.com.pk/bykea-onboards-jazz-as-its-business-solutions-partner/. 
  7. ↑ "MJSF, Bykea Technologies inks pact for Bikers Support Scheme". thenews.com.pk. 20 March 2018. https://www.thenews.com.pk/print/294471-mjsf-bykea-technologies-inks-pact-for-bikers-support-scheme. 
  8. ↑ "Ride-sharing app Bykea raises $5.7 million in Series as funding". profit.pakistantoday.com.pk. 30 April 2019. https://profit.pakistantoday.com.pk/2019/04/30/ride-sharing-app-bykea-raises-5-7-million-in-series-a-funding/. 
  9. ↑ Hanif, Usman (1 May 2019). "Bykea gets $5.7m worth of investment". tribune.com.pk. https://tribune.com.pk/story/1963017/2-bykea-gets-5-7m-worth-investment/. 
  10. ↑ "CIO Bykea Abdul Mannan on Morning Show News Cafe AbbTakk TV". abbtakk.tv. 7 April 2020. https://www.youtube.com/watch?v=RfVRwjRGEUQ. 
  11. ↑ "Investors hold $13m investment in Bykea over pillion riding ban | SAMAA" (in en-US). https://www.samaa.tv/money/2020/07/investors-hold-13m-investment-in-bykea-over-pillion-riding-ban/. 
  12. ↑ "Small-aircraft ride-sharing program takes off in EU" (in en-GB). https://www.agcs.allianz.com/news-and-insights/expert-risk-articles/small-aircraft-ride-sharing-program-takes-off.html. 
  13. ↑ Mangi, Faseeh (2022-06-27). "Pakistan Ride-Sharing Startup Bykea Raises Funds to Fuel Growth" (in en). Bloomberg. https://www.bloomberg.com/news/articles/2022-06-27/pakistan-ride-sharing-startup-bykea-raises-funds-to-fuel-growth. 
  14. ↑ Khan, Mutaher (29 July 2018). "Tech talk: Bykea vrooms itself into a hyperlocal marketplace". dawn.com. https://www.dawn.com/news/1423552. 
  15. ↑ Ghaz, Uzma (2 January 2018). "These Pakistani startups have the potential to go big in 2018". dawn.com. https://www.dawn.com/news/1379163. 
  16. ↑ Ahmed, Ali. "Tech talk: TPL Trakker, Bykea partners to improve Mobile Application". brecorder.com. https://www.brecorder.com/news/40011241. 
  17. ↑ Naqvi, Kaleem. "Tech talk: TPL Trakker’s Location Based Services to Power Bykea’s App". technologytimes.pk. https://www.technologytimes.pk/2020/08/11/tpl-trakkers-location-based-services-to-power-bykeas-app/. 



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