ISLAMABAD – Airlift, a ride-hailing startup which connects passengers withbuses 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 ofthe largest raised by any startup within the South Asian region.
In August just a few months back, the startup raised $2.1 million in seedfundinglinkina round lead by Indus Valley Capital and the Fatima Gobi Ventures.
This funding was just 5 months after Airlift launched its operations and 2months onwards, they have increased their total capital investment figureto $14.1 million.
The Series A round was led by First Round Capital, a venture known forpreviously funding Uber. Fatima Group and Gobi Partners, and Indus ValleyCapital also funded Airlift again in this round through Fatima GobiVentures joint fund.
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With apps on Android and iOS, customers can book air-conditioned, premiumbuses in real-time and pay through cash, debit or credit cards as per theirconvenience. Users can reserve as many seats as they need and then payaccordingly.
