If you are Bykea, you raise $10 million from one of the world’s largest technology investors: Naspers. (For some context about Naspers’ standards, high-flying logistics startup Airlift also courted Naspers for their Series A1 round, but were unsuccessful). The funds put in by existing investors as well as the valuation of the company after the round remain undisclosed. This is the first time Naspers has decided to invest in Pakistan directly and in one of its favourite verticals globally: transportation. This is not to be confused with Naspers’ investment in OLX or the recent merger with the Emerging Markets Property Group (EMPG).

Source: Pakistan Today September 30, 2020 17:46 UTC