Bykea the infamous ride hailing and logistic platform in an important announcement revealed that they just raised $13 Million in their series B funding round from Prosus Ventures as the source MenaByte claims.
The company earlier raised $5.7 million in series A funding from Middle East Venture Partners (MEVP) and later received additional $2 million funding.
Bykea aims to expand in the areas of Pakistan where other similar services could not reach due to language barrier. Muneeb Maayr The CEO and founder of Bykea believes they have an edge over their English language based competitors because of being highly localized.
Bykea further plans to use the latest funds to further expand into and grow e-commerce logistics, food, and payment services, in 2021.
This series B round of funding takes Bykea’s total raise to $22 million, making it one of the best-funded startups of the country.