Bykea raises $10mn funds to fuel growth

News Image

MG News | June 27, 2022 at 02:45 PM GMT+05:00

0:00

June 27, 2022 (MLN): Bykea, the local ride-sharing and delivery startup, raised $10 million from its existing backers to tap rising demand for online services in the country, reported Bloomberg.

Bykea, which focuses on two-wheeler rides, said in a statement Monday it plans to use the funds to extend its services, which include food and e-commerce deliveries, as well as cash pick-up.

The company’s investors include Prosus Ventures, MEVP, Sarmayacar, Tharros, and Ithaca Capital.

With 1.7 million active monthly users and more than 60,000 driver-partners, Bykea offers services in Karachi, Lahore and Islamabad. It’s among an emerging crop of Pakistani startups attracting attention from global venture investors as mobile services gain popularity in the country of more than 200 million people, it added.

“We see an enormous opportunity to serve the middle class by offering easy, affordable, and convenient transport and logistics solutions,” Bykea Executive Chairman Jonas Eichhorst said in the statement.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 165,487.18
529.65M
1.03%
1680.97
ALLSHR 100,752.83
1,097.81M
0.91%
907.03
KSE30 50,597.35
264.25M
0.94%
473.50
KMI30 240,275.65
86.85M
0.73%
1745.15
KMIALLSHR 66,329.98
480.32M
0.66%
431.89
BKTi 47,236.61
189.87M
1.84%
855.65
OGTi 32,292.76
8.88M
1.37%
435.35
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 111,305.00 111,850.00
107,690.00
4630.00
4.34%
BRENT CRUDE 61.02 61.55
60.68
-0.27
-0.44%
RICHARDS BAY COAL MONTHLY 80.50 0.00
0.00
-1.50
-1.83%
ROTTERDAM COAL MONTHLY 93.20 0.00
0.00
0.20
0.22%
USD RBD PALM OLEIN 1,085.00 1,085.00
1,085.00
0.00
0.00%
CRUDE OIL - WTI 56.88 57.43
56.57
-0.27
-0.47%
SUGAR #11 WORLD 15.65 15.70
15.51
0.15
0.97%

Chart of the Day


Latest News
October 20, 2025 at 12:53 PM GMT+05:00

OICCI members contribute Rs2.7tr in taxes


October 20, 2025 at 12:29 PM GMT+05:00

Oil slides on weak demand outlook, rising inventories


October 20, 2025 at 12:04 PM GMT+05:00

Gold price in Pakistan falls Rs1,400 per tola


October 20, 2025 at 11:29 AM GMT+05:00

Tomatoes turned into red gold



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg