Pakistan Ride-Sharing Startup Bykea Raises Funds to Fuel Growth

Technology

Pakistani ride-sharing and delivery startup Bykea raised $10 million from its existing backers to tap rising demand for online services in the South Asian country.

Bykea, which focuses on two-wheeler rides, said in a statement Monday it plans to use the funds to extend its services, which include food and e-commerce deliveries, as well as cash pick-up. The company’s investors include Prosus Ventures, MEVP, Sarmayacar, Tharros, and Ithaca Capital.