AAA Prosus rides into $13m Bykea round

Prosus rides into $13m Bykea round

Bykea, a Pakistan-based two-wheeler ride-hailing service, has received $13m in a series B round led by Prosus Ventures, the corporate venturing arm of internet group Prosus.

Bykea’s existing investors, venture capital firms Middle East Venture Partners and Sarmayacar, also invested in the B round. The company has raised $22m in total, according to news provider TechCrunch.

Fahd Beg, chief investment officer at Prosus, said: “Bykea has already seen impressive traction in the country and with our investment will be able to execute further on their vision to become Pakistan’s ‘super app’.”

By James Mawson

James Mawson is founder and chief executive of Global Venturing.

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