Pakistani startup SheKab selected for Norway-based Katapult Accelerator
SheKab has made it to 12 top startups that are selected for the Katapult Accelerator.
Katapult Accelerator has its roots in Norway. It aims to help and train startups and also the economical funding. It is determined to provide the financial support of up to USD 100, 000.
From about 1000 applicants the best 12 were selected for the program. SheKab is the only startup to represent Pakistan.
Hira Rizvi introduced SheKab. SheKab was launched to solve the issues of mobility in Pakistan. Being a woman she recognized the problems for women traveling . Thus to provide a solution to challenges of mobility in Pakistan Shekab was introduced.
According to the report that was published after the research about 50% women travelers reported harassment. and 40% of their salaries are used in traveling.
SheKab is determined to provide power to women. It won’t be wrong to say that SheKab is women empowering startup.
Since its launch it has managed to get 900 female riders and has reported the total funding if $45,000.
It is a web based startup that connects riders and drivers online. These drivers include male and female drivers. They have a total of 90 drivers for 900 rides a month.
Uber and Careem can get a good competition because SheKab provides monthly subscription. That means that the availability of the driver will be made possible 24/7.
The stats show that SheKab has 1,020 subscribers and every month 90 people are being served on average.
After being part of the Katapult the startup aims to extend its root in more cities of Pakistan.
Some of the other startups selected for Katapult this year include SenseWaves from France, OTTAA from Argentina, Needslist and ImpactMapper from the USA, and CodersTrust from Bangladesh.
On 31st July, 2017, the teams gathered at the venue and the Accelerator welcomed them. These startups will be trained fir three months and all the problems and their solutions will be discussed. Besides funding the accelerator also provides additional investors that include Entrepreneurs Round-table Accelerator (ERA) in New York City.
Each start-up will also receive USD 100,000 as start-up capital.