Digital Mobility Solutions Lanka (Pvt) Ltd.
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Digital Mobility Solutions Lanka (Pvt) Ltd. - overview
Established
2015
Location
Colombo, -, Sri Lanka
Primary Industry
Travel & Leisure
About
Digital Mobility Solutions Lanka (Pvt) Ltd. provides a digital platform for urban mobility services, including ride-hailing, food delivery, and logistics, primarily catering to the needs of urban populations in Sri Lanka. Founded in 2015 in Colombo, Sri Lanka, Digital Mobility Solutions Lanka (Pvt) Ltd. operates through its flagship product, PickMe, which serves as a ride-hailing service.
The company has seen significant growth since its inception, marked by a funding round in June 2018, where it raised USD 2. 5 million led by the International Finance Corporation. The CEO and founder, Jiffry Zulfer, has been integral to the company’s formation and development. PickMe operates as a comprehensive digital platform offering ride-hailing, food delivery, parcel delivery, and logistics solutions.
Its ride-hailing app connects users with drivers for efficient transportation, while the food delivery service partners with local restaurants to facilitate meal orders. The platform also enables individuals and businesses to send parcels efficiently, addressing diverse consumer and commercial needs across several urban areas in Sri Lanka. PickMe generates revenue through transactions in its ride-hailing, food delivery, and parcel services. The platform charges a commission on each transaction, which constitutes a primary revenue stream.
It also engages in partnerships with local businesses that may involve subscription agreements or revenue-sharing models, enhancing its financial ecosystem. Pricing structures are based on service type, distance, and delivery specifications, although specific figures are not disclosed. In June 2018, Digital Mobility Solutions Lanka (Pvt) Ltd. raised USD 2.
5 million in venture funding to support its growth initiatives. The company plans to enhance its platform by launching new products aimed at improving user experience. Additionally, there are intentions to expand its services into new geographic regions within Sri Lanka, targeting urban areas that require effective mobility solutions.
Current Investors
International Finance Corporation
Primary Industry
Travel & Leisure
Sub Industries
Travel & Tourism
Website
www.pickme.lk
Verticals
Mobile Apps
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
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