Bykea Explained

Bykea
Logo Alt:Bykea
Native Name:بائیکیا
Industry:Transportation
Predecessors:-->
Successors:-->
Founder:Muneeb Maayr
Hq Location City:Karachi
Hq Location Country:Pakistan
Area Served:Top 4 cities of Pakistan
Products:Android and IOS Apps
Slogans:-->

Bykea, stylized as BYKEA, is a Pakistani ride-hailing service and parcel delivery company based in Karachi, Pakistan.[1] [2] It was founded by Muneeb Maayr, Abdul Mannan, and Rafiq Malik in 2016.[3]

It competes with inDrive, Yango, Careem and Uber in Pakistan.

History

Bykea was started in December 2016 in Karachi, Pakistan.[4] The company currently operates in four Pakistani cities, which are Karachi, Lahore, Islamabad, & 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, MJSF (Mahvash and Jahangir Siddiqui Foundation) joined hands 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 but due to the government's ban on pillion riding to combat the virus, investors reneged on the deal.[11] [12]

Services

Bykea enables a crowdsourced network of motorbike owners to transport people, parcels, on-demand shopping, and payments within a city.[13] [14] [15] [16]

At the start of 2022, Bykea added Rickshaw and in the middle of 2022, they started offering AC and Non-AC in their ride-hailing service.

See also

Notes and References

  1. News: Jamil . Ahmed . Is Bykea the first next and only available in Lahore, Islamabad, Rawalpindiand Karachi? Pakistani unicorn in the making? . . 6 May 2019.
  2. News: Qadir . Ihsan . Bike drivers of Uber, Careem, Bykea hold protest against companies . Pakistan Today. 26 September 2018 . 3 June 2019.
  3. Web site: Is Bykea a candidate for the Pakistani super-app?. November 28, 2020. Profit by Pakistan Today.
  4. News: Mughal . Bilal Karim . Can Bykea help you beat Karachi's rush hour traffic? . dawn.com. 6 December 2018 . 3 June 2019.
  5. News: Mobile marketplace – The story of Bykea with founder Muneeb Maayr . vcastonline.wpcomstaging.com. 20 August 2018 . 3 June 2019.
  6. News: Bykea onboards Jazz as its Business Solutions Partner. phoneworld.com.pk. 4 February 2019 . 3 June 2019.
  7. News: MJSF, Bykea Technologies inks pact for Bikers Support Scheme. thenews.com.pk. 20 March 2018 . 3 June 2019.
  8. News: Ride-sharing app Bykea raises $5.7 million in Series as funding . profit.pakistantoday.com.pk. 30 April 2019 . 3 June 2019.
  9. News: Hanif . Usman . Bykea gets $5.7m worth of investment . tribune.com.pk. 1 May 2019 . 3 June 2019.
  10. News: CIO Bykea Abdul Mannan on Morning Show News Cafe AbbTakk TV . abbtakk.tv. 7 April 2020 . 7 April 2020.
  11. Web site: Investors hold $13m investment in Bykea over pillion riding ban SAMAA. 2020-08-24. Samaa TV. en-US.
  12. Web site: Small-aircraft ride-sharing program takes off in EU. 2020-11-18. AGCS Global. en-GB.
  13. News: Khan. Mutaher . Tech talk: Bykea vrooms itself into a hyperlocal marketplace. dawn.com. 29 July 2018 . 3 June 2019.
  14. News: Ghaz. Uzma . These Pakistani startups have the potential to go big in 2018. dawn.com. 2 January 2018 . 3 June 2019.
  15. News: Ahmed. Ali . Tech talk: TPL Trakker, Bykea partners to improve Mobile Application. brecorder.com. 11 August 2020.
  16. News: Naqvi. Kaleem . Tech talk: TPL Trakker’s Location Based Services to Power Bykea’s App. technologytimes.pk. 11 August 2020.

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