Ithaca invested in Bykea Technologies in 2016 at the conceptual stage. The company’s sponsor is a seasoned entrepreneur with two previous successful startups to his credit. Ithaca is the 3rd largest shareholder.
Bykea is an all in one app for transportation, delivery and payment services. Its marketplace of services and listings help move people, parcels and payments in the three largest metropolitans of Pakistan, saving users time and money. The Android app was launched in 2016 and has subsequently evolved into one of Pakistan’s fastest growing start-ups with nearly 3 quarters of a million downloads.
Ithaca invested at the conceptual stage and is the 3rd largest shareholder.
Bykea is the market leader in ridehailing for motorcycles. It also provides hyper-local logistics services. Bykea has modelled its platform on similar successful services in other countries.
Bykea is operational in three cities: Karachi, Rawalpindi and Lahore.