Airlift Series A-1 Raises $10mn, Launches Grocer App

Airlift Series A-1 Raises $10mn, Launches Grocer App

Pakistan-based transportation startup, Airlift, has announced securing $10 million in Series A-1. The financing round was led by Quiet Capital, a US-based investment firm. At a time where markets and investments are looking grim, all around the world, Airlift’s Series A-1 funding makes the news for one of the largest capital investments in the region.

For the Series A-1 round, Quiet Capital was joined by TrueSight Ventures and RT Ventures, Shorooq Partners (Abu Dhabi), and Taiwan-based ACE Capital, along with local partners. Additionally, San-Francisco based First Round Capital, and local investment companies Fatima Gobi Ventures and Indus Valley Capital continued their support for Airlift.

In a press statement, Co-founder and CEO Airlift, Usman Gul, said:

We are thrilled to partner with investors who share our vision for building decentralized platforms to introduce easier, faster, and more efficient ways of moving people and goods around urban ecosystems.

Airlift Grocer

In the face of the Coronavirus threat, Airlift has also introduced Airlift Grocer, a 45-minute delivery service for all household essentials.

On the launch of Airlift Grocer, Gul said that the COVID-19 pandemic has changed the world and Airlift will continue to adapt accordingly to provide additional value to customers. With an understanding of how the world has to evolve and change, Airlift’s value to its customers must evolve. Their impact on the communities they serve must adapt accordingly, and likewise, their service must adapt to the changing times. Until threats of Coronavirus are eliminated, the transit operations will continue to remain suspended.

Airlift Grocer App is available to download on the App Store and Play Store.