Home Business Bykea, a ride-sharing startup, raises money to further its expansion

Bykea, a ride-sharing startup, raises money to further its expansion

Bykea intends to use the money to expand its services, which now include cash pick-up, food delivery, and e-commerce deliveries

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Bykea, a ride-sharing and delivery business in Pakistan, collected $10 million from its current backers to meet the country’s growing demand for online services.

Bykea, a company that specializes in two-wheeled transportation, said in a statement on Monday that it intends to use the money to expand its services, which now include cash pick-up, food delivery, and e-commerce deliveries. Prosus Ventures, MEVP, Sarmayacar, Tharros, and Ithaca Capital are a few of the investors in the business.

Bykea provides services in Karachi, Lahore, and Islamabad with over 60,000 driver-partners and 1.7 million active monthly consumers. Simultaneously, It is one of a growing number of Pakistani businesses that are catching the eye of international venture capitalists. As mobile services gain traction in the nation of more than 200 million people.

In addition, Bykea gives our driving partners a lot of thought. They consider it their duty to provide them with prospects for revenue by introducing them to clients. Furthermore, They stand in for the brand on all fronts like the Bykean knights who carry the light.

Investors in Bykea have confidence in them to provide positive financial and strategic outcomes. Bykea gives them an opportunity to invest more money in any new industry they enter or goals they pursue.

In conclusion, The executive chairman of Bykea stated in the statement, “We see a great opportunity to assist the middle class. By delivering simple, inexpensive, and practical transport and logistics solutions.”

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