Ithaca Capital

Ithaca Capital is a privately held investment holding company founded in 1998 and headquartered in Karachi, Pakistan. The firm specializes in managing third-party private equity funds through its subsidiaries. Ithaca Capital primarily focuses on investments in the business-to-business (B2B) sector, leveraging its expertise to identify and manage opportunities in this space.

Saad Faruqui

Chairman and CEO

Past deals in Pakistan

Bykea

Venture Round in 2022
Bykea Technologies Private Limited, based in Karachi, Pakistan, offers a mobile application that provides services for transportation, food delivery, parcel delivery, and payment solutions. The company aims to alleviate urban congestion by promoting the use of bicycles, motorcycles, and electric bikes, rather than relying on cars. By leveraging smartphones and two-wheelers—common assets in the regions it serves—Bykea enhances the utility of these resources, creating income opportunities for families lacking internet access. The company's mission focuses on fostering economic prosperity and delivering efficient transport and logistics services within emerging economies.