History
The idea of Airlift was conceived by the founding Chief Executive Usman Gul after he experienced the congestion during his visit to Lahore for vacations which was caused by the inefficiency of local transportation. In March 2019, Gul along with a small team founded the Airlift and launched its operations with a pilot project in Lahore. Gul initially self funded the startup using US$50,000. With COVID 19 spreading in Pakistan, the company was forced to halt operations for an indefinite period in order to contain the spread. Gul realized a potential opportunity and quickly pivoted into Q-Commerce Grocery Delivery Business model raising a funding of $12 million in the Series A financing round. As of July 2019, the company was operating in two Pakistani cities, Karachi and Lahore. In August 2019, Airlift raised $2.2 million in seed funding from local and international institutions. According to a report, Airlift acquired 50,000 riders in Lahore in less than five months of its operations. In November 2019, the company raised Series A funding of $12 million which included participation from AmericanFunding
Airlift introduced an online grocery service in Pakistan with the name of "Airlift Express" bringing $10 Million foreign investment. Later in 2021, Airlift secured 85 million USD funding in Series B financing which is the largest in Pakistan.See also
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{{Uberisation Companies based in Lahore Transport companies of Pakistan Transport companies established in 2019 Pakistani companies established in 2019 2022 disestablishments in Pakistan