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§ Private Profile · Lahore, Punjab, Pakistan
quick-commerce grocery delivery platform offering 30-minute delivery of groceries, household items, and essentials for Pakistani consumers.
Based in Lahore, Pakistan, Airlift Express was a quick-commerce platform that provided 30-minute delivery for groceries and household essentials before ceasing operations in July 2022. Originally launched as a decentralized mass transit service, the company pivoted to rapid online grocery delivery during the COVID-19 pandemic to serve urban consumers across multiple Pakistani cities. The startup scaled its logistics network to include 50,000 riders in Lahore and reached a $275 million valuation. Before shutting down due to a collapsed financing round, the enterprise raised $109.2 million in total venture funding, including a record-breaking $85 million Series B. This capital was secured from prominent backers including First Round Capital, Bain Capital, Sam Altman, and Biz Stone. Airlift Express was founded in 2019 by Usman Gul, Meher Farrukh, Ahmed Ayub, Agha Ali Raza, Muhammad Owais, and Zohaib Ali.
Airlift Express has raised $109.2M across 4 funding rounds.
Airlift Express has raised $109.2M in total across 4 funding rounds.
Airlift Express has raised $109.2M across 4 funding rounds. Most recently, it raised $85.0M Series B in August 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 17, 2021 | $85M Series B | 20VC | Bastian Lehmann, BIZ Stone, Jeffrey Katzenberg, SAM Altman, Simon Borrero, Stanley Tang, Stephen Pagliuca, Taavet Hinrikus, Indus Valley Capital, Quiet Capital | Announced |
| Jul 1, 2020 | $10M Series A | Quiet Capital | — | Announced |
| Nov 2, 2019 | $12M Series A | First Round Capital | — | Announced |
| Aug 14, 2019 | $2.2M Seed | Fatima Gobi Ventures, Indus Valley Capital | — | Announced |
Airlift Express has raised $109.2M in total across 4 funding rounds.
Airlift Express's investors include 20VC, Bastian Lehmann, Biz Stone, Jeffrey Katzenberg, Sam Altman, Simon Borrero, Stanley Tang, Stephen Pagliuca, Taavet Hinrikus, Indus Valley Capital, Quiet Capital, First Round Capital.