With lower than $7M in VC funding, the startup is thrashing Uber
More and more, the streets of Karachi and Lahore are being flooded with males driving bikes and sporting inexperienced T-shirts, a author good friend not too long ago instructed me. In a way, these males symbolize the emergence of Pakistan’s tech startups.
India now has greater than 25,000 startups and raised a document $14.5 billion final yr, in accordance with authorities figures. However not all Asian international locations are as giant as India or have such a thriving startup ecosystem. Lengthy overdue, issues are starting to alter in bordering Pakistan.
Bykea, a three-year-old ride-hailing and supply service, as we speak has greater than 500,000 bikes and cabs registered on its platform. It operates in a few of Pakistan’s most populated cities, reminiscent of Karachi, Lahore and Islamabad, Muneeb Maayr, Bykea founder and CEO, instructed TechCrunch.
Maayr is without doubt one of the most acknowledged startup founders in Pakistan, and beforehand labored for Rocket Web, serving to the large run trend e-commerce platform Daraz within the nation. Whereas main Daraz, he expanded the platform to cater to classes past trend; Daraz was later bought to Alibaba.