With less than $ 7 million in venture capital funds, the startup is beating Uber
Increasingly, the streets Karachi and Lahore are being flooded with men who ride bicycles and wear green shirts, a friend writer recently told me. In a sense, these men represent the emergence of Pakistan's new technology companies.
India now has more than 25,000 new businesses and raised a record $ 14.5 billion last year, according to government figures. But not all Asian countries are as large as India or have such a thriving startup ecosystem. A long time ago, things begin to change on the border with Pakistan.
Bykea, a three-year travel transport and delivery service, today has more than 500,000 bicycles registered on its platform. It operates in some of Pakistan's most populated cities, such as Karachi, Lahore and Islamabad, Muneeb Maayr, Bykea. founder and CEO, told Newsdio.
Maayr is one of the most recognized startup founders in Pakistan, and previously worked for Rocket Internet, helping the giant manage the Daraz fashion e-commerce platform in the country. While leading Daraz, he expanded the platform to serve categories beyond fashion; Daraz was then sold to Alibaba.