Airlift Raises $85m in Largest Round for Pakistani Startups
Airlift Technologies has announced a $85 million Series B funding round sponsored by some of the world’s most prominent investors.
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Co-led by Josh Buckley (Buckley Ventures) and Harry Stebbings, the Lahore-based online shopping delivery company’s $85 million Series B funding is the largest in the MENA area (20VC).
The financing is roughly twice as large as the largest private firm IPO in Pakistan’s history and the largest in the MENA region, which has a variety of consequences for the nation. Airlift has established a new standard that will attract world-class investors to Pakistan.
Airlift’s aim is to empower individuals in the region by minimizing their dependence on others through safe, dependable, and cheap logistical solutions. Airlift is developing a platform to transfer consumer items for consumers, drivers, and small business owners.
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Airlift is in the best position to flourish and ultimately create thousands of jobs in Pakistan if it has a flexible supply chain. Within the next five years, Airlift intends to create 200,000 employment in Pakistan.
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