Pakistan’s Bykea raises $13 million for its on-demand transportation and logistics platform
Karachi-headuqartered on-demand transportation and logistics startup Bykea has raised $13 million in a Series B round, it announced in a statement to today. The investment was led by Prosus Ventures (formerly Naspers Ventures), one of the leading global tech investors. It is their first investment in a Pakistani startup.
The round also included the participation of existing investors Middle East Venture Partners (MEVP) and Sarmayacar, and takes Bykea’s total raise to $22 million, making it one of the best-funded startups of the country. The drivers on Bykea’s network are freelancers and most of them work part-time with Bykea to make some extra money on top of their regular income.