LAHORE: Jabberwock Ventures, the parent company of online food delivery platform Cheetay Logistics and Swyft Delivery Solutions, has reportedly raised close to $20 million in Series-B round. Rumour-mill in the market had earlier suggested that Cheetay Logistics had raised as much as $25 million in Series-B round. Profit reached out to Jabberwock Ventures and Cheetay Logistics CEO Majid Khan to learn about the facts of the round. In September 2019, Cheetay had closed a $7.8 million Series-A round, also raised by Jabberwock Ventures. The Series-B round by Jabberwock Ventures comes amid a series of large funding round announcements by startups in Pakistan this year.

Source: Pakistan Today April 24, 2021 16:18 UTC