Bykea

Last updated
Bykea
Native name
بائیکیا
Industry Transportation
Founded2016;8 years ago (2016)
FounderMuneeb Maayr
Headquarters,
Area served
Top 4 cities of Pakistan
Key people
  • Muneeb Maayr
  • Abdul Mannan
Products Android and IOS Apps
Website www.bykea.com

Bykea, stylized as BYKEA, is a Pakistani ride-hailing service and parcel delivery company based in Karachi, Pakistan. [1] [2] It was founded by Muneeb Maayr, Abdul Mannan, and Rafiq Malik in 2016. [3]

Contents

It competes with inDrive, Yango, Careem and Uber in Pakistan.

History

Bykea was started in December 2016 in Karachi, Pakistan. [4] The company currently operates in three Pakistani cities Karachi, Lahore, Islamabad & Rawalpindi. [5]

In 2018, Bykea partnered with Jazz, a Pakistan-based digital communications company to provide enhanced digital connectivity and efficiency to users. [6] In 2018, Bykea, MJSF (Mahvash and Jahangir Siddiqui Foundation) joined hands for the Bikers Support Scheme. [7]

In 2019, Bykea raised $5.7 million in series A funding from local and international institutions. [8] [9]

In the midst of the COVID-19 pandemic in Pakistan, [10] Bykea had secured a $13 million investment but due to the government's ban on pillion riding to combat the virus, investors reneged on the deal. [11] [12]

Services

Bykea enables a crowdsourced network of motorbike owners to transport people, parcels, on-demand shopping, and payments within a city. [13] [14] [15] [16]

At the start of 2022, Bykea added Rickshaw and in the middle of 2022, they started offering AC and Non-AC in their ride-hailing service.

See also

Related Research Articles

<span class="mw-page-title-main">Transport in Pakistan</span>

Transport in Pakistan is extensive and varied, and serves a population of over 240 million people. In recent years, new national highways have been built, with the addition of motorways which have improved trade and logistics within the country. Pakistan's rail network owned by Pakistan Railways is also undergoing expansion in recent years. Airports and seaports have been built with the addition of foreign and domestic funding. Transportation challenges in developing countries like Pakistan are escalating due to poor planning, inadequate governance, and corrupt practices. Consequently, these nations are grappling with a significant crisis in their transportation systems.

<span class="mw-page-title-main">Pakistan Civil Aviation Authority</span> Regulatory authority in Pakistan

Pakistan Civil Aviation Authority (PCAA) is a state-owned autonomous body under the administrative control of the Secretary to the Government of Pakistan for Aviation, which oversees and regulates all aspects of civil aviation in Pakistan. PCAA's head office is situated in Terminal-1 of Jinnah International Airport in Karachi. PCAA is a member state of the International Civil Aviation Organization. Nearly all 44 civilian airports in Pakistan are owned and operated by the PCAA.

<span class="mw-page-title-main">Samaa TV</span> Pakistani TV network

Samaa TV is a Pakistani Urdu language news channel owned by Aleem Khan. It is the fourth-largest news channel in Pakistan with a market share of 7 percent.

<span class="mw-page-title-main">Transport in Islamabad</span>

The transport system in Islamabad, the capital of Pakistan, connects it with all major cities and towns via regular trains and bus services running mostly from the neighbouring city of Rawalpindi.

<span class="mw-page-title-main">Awami Workers Party</span> Political party in Pakistan

The Awami Workers Party is a left-wing socialist political party in Pakistan. The party seeks to unify the struggles of workers, peasants, students, women and ethnic and religious minorities in Pakistan under the banner of a democratic and socialist political system. After the death of the AWP's founding leader Fanoos Gujjar in 2018, Senior Vice President Yousuf Mustikhan became its president.

<span class="mw-page-title-main">Muneeb-ur-Rehman</span> Pakistani Sunni Muslim Scholar

Muḥammad Muneeb-ur-Rehman is a Pakistani Mufti and former chairman of Ruet-e-Hilal Committee. He is a professor at Jinnah University for Women,

<span class="mw-page-title-main">Lahore Qalandars</span> Pakistani cricket franchise

Lahore Qalandars is a Pakistani professional cricket franchise which plays in the Pakistan Super League, representing Lahore, the capital city of the Pakistani province of Punjab. The home ground of the team is Gaddafi Stadium. The team is owned by Rana Brothers. The team is currently captained by Shaheen Afridi and coached by Aaqib Javed, a former Pakistani cricketer.

Careem is a Dubai-based super app with operations in over 100 cities, covering 12 countries across the Middle East, Africa, and South Asia regions. The company, which was valued at over US$2 billion in 2018, became a wholly-owned subsidiary of Uber after being acquired for $3.1 billion in January 2020. Careem expanded into the food delivery business with Careem Now in November 2018 and launched a digital payment platform, Careem Pay in April 2022. In April 2023, Careem's Super App business was spun out into a new legal entity, which e& acquired a 50.03% stake in, while Uber maintains full ownership of Careem's ride-hailing business.

<span class="mw-page-title-main">Khadim Hussain Rizvi</span> Pakistani Islamic preacher (1966–2020)

Khadim Hussain Rizvi was a Pakistani Islamic author and the founder of Tehreek-e-Labbaik, a political-religious organization founded in 2015, known to protest against any change to Pakistan's blasphemy law.

<span class="mw-page-title-main">2017 Faizabad sit-in</span> Protest in Pakistan

2017 Faizabad sit-in was organized by Tehreek-e-Labbaik Pakistan (TLP). It started a protest on November 8, 2017, and set up camp at the Faizabad Interchange contesting changes in the Elections Bill 2017 in which the word oath changed to declaration. The protesters demanded the resignation of Minister for Law and Justice Zahid Hamid to "protect the identity of the country."

<span class="mw-page-title-main">2019 Pakistan Super League</span> Cricket tournament

2019 Pakistan Super League was the fourth season of the Pakistan Super League, a franchise Twenty20 cricket league which was established by the Pakistan Cricket Board (PCB) in 2015. The tournament took place from 14 February to 17 March 2019.

Muneeb Butt is a Pakistani actor who works in Urdu cinema and television. He started acting in 2012 and since then appeared in many notable television serials. His recent appearances include Daldal (2017), Baandi (2018), Koi Chand Rakh (2018), Kaisa Hai Naseeban (2019), Yaariyan (2019), Qarar (2020) and Baddua (2021).

Airlift Technologies was a Pakistani company that initially started its operations in Pakistan as a Mass Transit ride hailing service. Amidst COVID 19 and a total lockdown in Pakistan, the company was unable to continue its operations and quickly pivoted into instant delivery service. It was founded in March 2019. It closed all operations on 13th July 2022. Customers of the company used a mobile application or website to order groceries and essentials online, and airlift and secure the items from their warehouse, delivering the items to the consumer within 30 minutes.

<span class="mw-page-title-main">Swvl</span> Ridesharing company based in Dubai

Swvl is an Dubai-based provider of tech-enabled mass transit solutions, offering intercity, intracity, B2B and B2G transportation products and services. Swvl operates in 135 cities in 20 countries across Latin America, Europe, Africa and Asia. The company went public in March 2022 and is traded on the Nasdaq stock exchange under the ticker SWVL.

The Aurat Azadi March was started in 2018 in Pakistan by members of Women Democratic Front, other organizations like Women's Action Forum, Elimination of Violence against Women and Girls alliance, Young Teachers Association, Home-Based Women Workers Union, Awami Workers Party, Awami Jamhoori Party also joined the march on International Women's Day in Islamabad. Aurat Azadi March and Aurat March are organized by different groups of women since 2018. Aurat Azadi March is organized by group of socialist feminists whereas Aurat March is organized by group of liberal feminists. Aurat March was also started the same year by the group of individual women known as "Hum Aurtein" collective in Karachi and Lahore.

Pakistan Super League (PSL) is the highest level of domestic Twenty20 cricket in Pakistan. The league is owned by the Pakistan Cricket Board and its first season was played in 2016. The league, when it started, included five teams: Karachi Kings, Quetta Gladiators, Peshawar Zalmi, Islamabad United, and Lahore Qalandars. The third season of the league in 2018 saw the inclusion of Multan Sultans as the sixth team to compete in the tournament. The league has been organized every year since its first season and all the teams have won the trophy at least once. The first season of the PSL was won by Islamabad United, who were captained by Misbah ul Haq, who was also the captain of the Pakistan national cricket team at that time. Lahore Qalandars are the current champions of the PSL.

Komal Meer is a Pakistani television actress. Debuted her acting career in 2018, Meer rose to prominence with the supporting character of Rameen in Momina Duraid and ISPR's Ehd-e-Wafa and subsequently played the leading roles in Resham Gali Ki Husna (2019–20), Benaam (2021–22) Qalandar (2022–23) and Tere Aany Se (2023).

Terrorist incidents in Pakistan in 2022 include:

References

  1. Jamil, Ahmed (6 May 2019). "Is Bykea the first next and only available in Lahore, Islamabad, Rawalpindiand Karachi? Pakistani unicorn in the making?". Pakistan Today .
  2. Qadir, Ihsan (26 September 2018). "Bike drivers of Uber, Careem, Bykea hold protest against companies". Pakistan Today . Retrieved 3 June 2019.
  3. "Is Bykea a candidate for the Pakistani super-app?". Profit by Pakistan Today. November 28, 2020.
  4. Mughal, Bilal Karim (6 December 2018). "Can Bykea help you beat Karachi's rush hour traffic?". dawn.com. Retrieved 3 June 2019.
  5. "Mobile marketplace – The story of Bykea with founder Muneeb Maayr". vcastonline.wpcomstaging.com. 20 August 2018. Retrieved 3 June 2019.
  6. "Bykea onboards Jazz as its Business Solutions Partner". phoneworld.com.pk. 4 February 2019. Retrieved 3 June 2019.
  7. "MJSF, Bykea Technologies inks pact for Bikers Support Scheme". thenews.com.pk. 20 March 2018. Retrieved 3 June 2019.
  8. "Ride-sharing app Bykea raises $5.7 million in Series as funding". profit.pakistantoday.com.pk. 30 April 2019. Retrieved 3 June 2019.
  9. Hanif, Usman (1 May 2019). "Bykea gets $5.7m worth of investment". tribune.com.pk. Retrieved 3 June 2019.
  10. "CIO Bykea Abdul Mannan on Morning Show News Cafe AbbTakk TV". abbtakk.tv. 7 April 2020. Retrieved 7 April 2020.
  11. "Investors hold $13m investment in Bykea over pillion riding ban | SAMAA". Samaa TV. Retrieved 2020-08-24.
  12. "Small-aircraft ride-sharing program takes off in EU". AGCS Global. Retrieved 2020-11-18.
  13. Khan, Mutaher (29 July 2018). "Tech talk: Bykea vrooms itself into a hyperlocal marketplace". dawn.com. Retrieved 3 June 2019.
  14. Ghaz, Uzma (2 January 2018). "These Pakistani startups have the potential to go big in 2018". dawn.com. Retrieved 3 June 2019.
  15. Ahmed, Ali. "Tech talk: TPL Trakker, Bykea partners to improve Mobile Application". brecorder.com. Retrieved 11 August 2020.
  16. Naqvi, Kaleem. "Tech talk: TPL Trakker's Location Based Services to Power Bykea's App". technologytimes.pk. Retrieved 11 August 2020.