Pakistan-based ecommerce platform Airlift has raised USD 85 million in its Series B financing round at a valuation of USD 275 million.
Airlift operates a quick commerce service in eight cities, including Lahore, Karachi and Islamabad in Pakistan. Users can order groceries, fresh produce, and other essential items, including medicines, as well as sports goods from the Airlift website or app and have it delivered to them in 30 minutes.
Harry Stebbings of 20VC and Josh Buckley of Buckley Ventures co-led the financing round, which is by far the largest for a Pakistani startup. Sam Altman, former president of Y Combinator; Biz Stone, co-founder of Twitter and Medium; Steve Pagliuca, co-chairman of Bain Capital; Jeffrey Katzenberg, ex-chief executive of Disney and Quibi; and Taavet Hinrikus, founder and chief executive of TransferWise also participated in the new round, which brings the startup’s to-date raise to USD 110 million.
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