About Airlift Tech
Airlift Tech is a company based in Lahore (Pakistan) founded in 2019 by Meher Farrukh and Ahmed Ayub.. Airlift Tech has raised $109.2 million across 4 funding rounds from investors including Shorooq Partners, Fatima Group and Josh Buckley. Airlift Tech operates in a competitive market with competitors including Sabzeler and Storeifie, among others.
- Headquarter Lahore, Pakistan
- Founders Meher Farrukh, Ahmed Ayub
- Stage Minicorn
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$109.2 M (USD)
in 4 rounds
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Latest Funding Round
$85 M (USD), Series B
Aug 17, 2021
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Investors
Shorooq Partners
& 19 more
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Employee Count
Employee Count
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Funding Insights of Airlift Tech
Airlift Tech has successfully raised a total of $109.2M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $85 million completed in August 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $85.0M
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First Round
First Round
(06 Aug 2019)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Series B - Airlift Tech | Valuation | Josh Buckley , Stride.vc | |
| Jul, 2020 | Amount | Series A - Airlift Tech | Valuation | Quiet Capital | |
| Nov, 2019 | Amount | Series A - Airlift Tech | Valuation | First Round Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Airlift Tech
Airlift Tech has secured backing from 20 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Shorooq Partners, Fatima Group and Josh Buckley. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multiple sectors are targeted by investments from Indus Valley Capital.
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Founded Year | Domain | Location | |
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Investments are managed by Quiet Capital in New York.
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Founded Year | Domain | Location | |
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Investments in seed stage startups are made by Stride.vc.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Airlift Tech
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Airlift Tech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Airlift Tech Comparisons
Competitors of Airlift Tech
Airlift Tech operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Sabzeler and Storeifie, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Operates an e-commerce platform offering a diverse range of grocery products for consumers.
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| domain | founded_year | HQ Location |
An online platform offering multi-category grocery supplies for convenient shopping.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Airlift Tech
Frequently Asked Questions about Airlift Tech
When was Airlift Tech founded?
Airlift Tech was founded in 2019.
Where is Airlift Tech located?
Airlift Tech is headquartered in Lahore, Pakistan. It is registered at Lahore, Punjab, Pakistan.
Is Airlift Tech a funded company?
Airlift Tech is a funded company, having raised a total of $109.2M across 4 funding rounds to date. The company's 1st funding round was a Series A of $12M, raised on Aug 06, 2019.
What does Airlift Tech do?
Airlift Tech was founded in 2019 in Lahore, Pakistan, within the on-demand delivery sector. A mobile application is operated for ordering groceries, sweets, cleaning supplies, and medicines online, with delivery provided to users doorsteps. The app is made available on both Android and iOS platforms, facilitating access in urban areas of Pakistan.
Who are the top competitors of Airlift Tech?
Who are Airlift Tech's investors?
Airlift Tech has 20 investors. Key investors include Shorooq Partners, Fatima Group, Josh Buckley, Sam Altman, and Biz Stone.
What is Airlift Tech's valuation?
The valuation of Airlift Tech is $275M as of Aug 2021.
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