08 Aug 2019

Middle East Venture Partners invests $2 Million in Bykea

Middle East Venture Partners (MEVP) announced today that they have invested $2 Million in Bykea, an on-demand transport, logistics and payments startup which recently secured $5.7 million in the largest Series A investment for a tech startup in Pakistan. “We are excited to make our first investment in Pakistan through Bykea. We believe there is a strong opportunity to solve major infrastructure problems using technology developed by the Bykea team" said Riyad Abou Jaoudeh, Managing Director at Middle East Venture Partners. With nearly 2 million App users, Bykea serves urban hyperlocal needs in a country of 200 Million people and differentiates itself from competitors by offering the interface in Urdu which is a language native to the country.

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30 Apr 2019

Bykea raises $5.7 million in Series A funding

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 Sarmayacar and institutional investors from South East Asia and the Middle East. The financing will be used to fund Bykea's expansion in ride sharing, express delivery and conversion of cash for digital use, for both consumers and businesses across Pakistan.

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31 Jan 2020

How Bykea is winning Pakistan’s ride-hailing and delivery market

Increasingly, the streets of Karachi and Lahore are being flooded with men riding bikes and wearing green T-shirts, a writer friend recently told me. In a sense, these men represent the emergence of Pakistan’s tech startups.

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21 Jan 2020

Pakistan’s Bykea expands further into payments, launches Bykea Cash

Pakistani motorbike-based ride-hailing and logistics startup Bykea that had raised a $5.7 million Series A last year, is expanding further into payments with the launch of Bykea Cash, a service that allows users to top-up their mobile wallets and pay their utility bills using cash, without leaving their homes, it told MENAbytes earlier this week.

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16 Jan 2020

Conversations @ Jazz Pakistan

Muneeb Maayr talks to Jazz Pakistan about the importance of digital payments and entrepreneurship

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18 Dec 2019

COO Bykea - Rafiq Malik on Samaa Money

Farooq baloch digs deep into gig economy and how BYKEA is different than the competition

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30 Nov 2019

Building a Digital Pakistan: Muneeb Maayr

In this talk Muneeb proposes the idea of empowering the bottom of the pyramid to create a truly Digital Pakistan

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28 Nov 2019

Queen Maxima of the Netherlands support Bykea's work...

Her Majesty, Queen Maxima of the Netherlands visited a Bykea Franchise in the capacity of a UN Secretary-General's Special Advocate for Inclusive Finance for Development to support Bykea's work on enabling responsible technology for financial inclusion.

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28 Nov 2019

Women’s economic empowerment must to end poverty: Maxima

The digital financial services in Pakistan should support housewives and other women in Pakistan to set up small home-based industries and businesses,” said Queen Maxima while talking to small merchants during her visit to Ghalib Market, Gulberg

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27 Nov 2019

Queen Maxima spends eventful day in Lahore

Queen Maxima of the Netherlands, United Nations Secretary General’s Special Advocate (UNSGSA) for Inclusive Finance for Development, on Wednesday spent an eventful and busy day on the last leg of her visit in the Punjab capital. Upon her arrival here, she visited Bykea, a Pakistani company providing mobile application based services for transportation, logistics and cash on delivery payments.

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27 Nov 2019

Queen Maxima spends eventful day in Lahore

Queen Maxima of the Netherlands, United Nations Secretary General’s Special Advocate (UNSGSA) for Inclusive Finance for Development, on Wednesday spent an eventful and busy day on the last leg of her visit in the Punjab capital. Upon her arrival here, she visited Bykea, a Pakistani company providing mobile application based services for transportation, logistics and cash on delivery payments.

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17 Nov 2019

CEO Bykea, Muneeb Maayr at Asia Private Equity and Venture Capital...

Asia’s largest summit for Private Equity and Venture Capital was recently held in Singapore and for the very first time, a start-up was invited to represent Pakistan, CEO Bykea, Muneeb Maayr at Asia Private Equity and Venture CapitalCEO Bykea, Muneeb Maayr at Asia Private Equity and Venture Capital

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02 Nov 2019

CEO Bykea Muneeb Maayr on 021Disrupt 2019 Mobility Panel

A decline in organized public transport system has given way to growth in other means of public transport. Commercial motorcycle services like Bykea have taken off because they offer transport solutions like easy commuting and the ability to travel on poor or dirt roads.

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07 Aug 2019

International Transportation Startups See...

Singapore’s Beam, which offers scooter rentals, and Pakistan’s Bykea, which offers bike ride-hailing, don’t have nearly the same resources as Uber, a company worth $55.4 billion dollars. But money isn’t the only competitive advantage, especially if you’re from out of town. In fact, there’s enough room in global markets for competitors to thrive, and even break even—a feat Uber is far from accomplishing. Startups in these “frontier markets” aren’t worried about the ride-hailing firm as a competitor, such as Bykea.

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27 Aug 2019

In conversation with Muneeb Maayr of Bykea

As one of the founders of Daraz, Pakistan’s biggest e-commerce platform, Muneeb Maayr is considered one of the country’s most successful entrepreneurs after the company was acquired by China’s Alibaba Group in 2018. Now, his latest venture, a motorbike-hailing and logistics platform called Bykea, is also attracting investor interest after closing a $5.7 million Series A round - the largest Series A raised in Pakistan to date. We spoke to Maayr about his entrepreneurial journey.

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08 Aug 2019

Dubai’s MEVP invests $2 million in Pakistani motorbike...

Dubai-based leading regional VC Middle East Venture Partners (MEVP) today announced in a statement to MENAbytes that they have invested $2 million in Bykea, a Pakistani on-demand transport, logistics, and payments startup. The investment that was made a few months ago was part of Bykea’s $5.7 million Series A (which was the largest Series A raised by a Pakistani startup). At the time, Bykea had said that a Middle Eastern VC had participated in the round without disclosing the name. Saramayacar, Pakistan’s leading VC and an investment firm from Southeast Asia were the other investors in the round.

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09 Jul 2019

Pakistan’s Bykea Campaign Promotes New Functionality

Bykea, self-branded as the “Super App of Pakistan” is an all in one app for transportation, logistics and cash on delivery payments. After raising $5.7m around two months back, the company is now putting the money to good use by building their brand identity and introducing useful features to the app. To enhance their brand identity and messaging, Bykea introduced a 70-second spot with the catchy slogan “Bykea Toh Samjho Bhai Kia” (Bykea – As Helpful as a Brother). By playing on the company’s name and the urdu word for brother (Bhai) the company successfully taps into the Pakistani culture of aiding others like a brother. The jingle is catchy and the visuals capture the essence of what the services entails effectively.

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02 Jul 2019

Muneeb Maayr of Bykea, on leveraging motorbikes and smartphones...

Muneeb Mayyr is the Founder & CEO of Bykea, a motorbike ridesharing, logistics and payments service fairly popular in Karachi and few other cities of Pakistan. Muneeb’s profile reflects colors of hustle, diversity and risk. From investment banking to the restaurant business, large-scale e-commerce to startups, Muneeb has taken on many ventures, Bykea being the most recent one. Bykea announced a $5.7 million Series A funding in May and I was interested to chat with Muneeb. He turned out to be accessible, candid and insightful. I had a list of questions prepared but ended up not using those. Muneeb, surprisingly, had a good idea of what I wanted to talk about and what was supposed to be a half an hour phone call ended up being an hour long. We talked about his journey at Bykea, state of ride-hailing in Pakistan and his vision for Bykea. I hope you like reading the transcript of our discussion below.

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01 Jun 2019

Bykea Launches New Missed Call Feature and Slogan

Singapore’s Beam, which offers scooter rentals, and Pakistan’s Bykea, which offers bike ride-hailing, don’t have nearly the same resources as Uber, a company worth $55.4 billion dollars. But money isn’t the only competitive advantage, especially if you’re from out of town. In fact, there’s enough room in global markets for competitors to thrive, and even break even—a feat Uber is far from accomplishing. Startups in these “frontier markets” aren’t worried about the ride-hailing firm as a competitor, such as Bykea.

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06 May 2018

Is Bykea the first (next?) Pakistani unicorn...

The ride-hailing app just raised its Series A round, the largest in Pakistan to date, and appears to be focused on hypercharging its growth, but can it emulate the success of Indonesia’s Go-Jek? Ever since Rabeel Warraich announced that he had raised the funds to create one of Pakistan’s first institutionalized venture capital funds, the country’s startup ecosystem had been buzzing with a single question: so what will Sarmayacar invest in next, now that they have significant funds to create a serious funding round for a startup? On Tuesday, April 30, we got an answer: Bykea, the Karachi-based ride-hailing and logistics startup focused on motorcycles

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30 Apr 2019

Bykea raises $5.7 million in Series A funding

KARACHI: 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. The financing will be used to fund Bykea's expansion in the ride sharing and express delivery, including cash to digital services for consumers and businesses in urban areas of Pakistan.

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22 Jan 2018

A Bykea ride is cheaper and faster than a rickshaw ride

The idea behind Bykea is to provide an online offering that is both relevant and accessible to the general public. Unlike Uber, which solves mobility problems for the upper income segments, Bykea caters to the lower SECs. Our emphasis is on turning two of our riders’ major assets – a smartphone and a motorcycle – into a source of income and encouraging them to use their spare seats; the idea is that if you have a spare seat on your motorcycle, you should be able to use it to give a ride to someone; at the very least, this will offset your fuel costs.

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