LAHORE: Pakistan’s Airlift Tuesday claimed to have raised $85 million in a Series-B round to scale its grocery delivery platform Airlift Express. Pakistan’s Fatima Gobi Ventures, led by Ali Mukhtar, also confirmed their participation in Airlift’s Series-B round. It has earlier raised $2.2 million in seed round and $12 million in Series-A round for its transit operations. The Series-B round of Airlift comes during a momentous year, with a record $120 million raised by Pakistani startups during the first six months of the year. Bazaar announced $6.5 million in funding this year, Taajir $17 million, Retailo $6.7 million, whereas Dastgyr claimed raising $3.5 million.

Source: Pakistan Today August 18, 2021 13:30 UTC