$85 million Investments Welcomed by the Premier
21st August 2021.
PM Imran Khan invited a new $85 million investment in a Pakistani tech startup, Airlift, by the world’s driving Venture Capitals (VCs) on Friday. He announced the news on Twitter. He also stated that now that the country is open for business, it has a lot of potentials.
Imran Khan, Prime Minister of Pakistan, went on to say that his government is present to provide and offer additional opportunities to various foreign investors. He stated that his ruling party is dedicated to this cause and is available to work on various creative opportunities.
A Lahore-based online shopping conveyance administration, Airlift, has brought up $85 million in Series B financial support. This is one of the largest single private subsidizing rounds in Pakistan’s history.
This funding is twice as large as the size of the IPO and is also foremost in the state’s history and the highest in the region of North Africa and the Middle East. Some local entrepreneurs established Airlift Technologies in Pakistan in order to assist the country’s local population in the new wave of technology and business. This company was a forerunner in the recent wave of the technology business.
Eight cities of Pakistan including Lahore, Karachi, and Islamabad are facilitated by Airlifts, which provide quick and steadfast commerce service in the region. Clients can order food, fresh produce, other essentials such as medicines, and sports equipment from the Airlift website or application and have the things conveyed to them quickly within the time frame of 30 minutes.
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