Airlift, a ride-hailing startup which connects passengers with buses on fixed-rate, just raised $12 million for their Series A financing. This funding is the largest ever for a Pakistani startup and so far one of the largest raised by any startup within the South Asian region. Currently, Airlift is operating in Lahore and Karachi only.
In August just a few months back, the startup raised $2.1 million in seed funding in a round lead by Indus Valley Capital and the Fatima Gobi Ventures. This funding was just 5 months after Airlift launched its operations and 2 months onwards, they have increased their total capital investment figure to $14.1 million.