Bus ride-hailing service Airlift has introduced a new online grocery shopping service named ‘Airlift Grocer’ in Pakistan.
The online shopping service has brought in an impressive foreign investment of $10 million in the country. Pakistan’s retail e-commerce sector has registered significant growth during the recent past but there is ample room for new entrants to further uplift the market.
The initial investment round for Airlift Grocer was led by Quiet Capital, based in San Francisco, with TrueSight Ventures (London), RT Ventures (London), Shorooq Partners (Abu Dhabi), and ACE Capital (Taiwan) participating, among other local partners. Existing investors, First Round Capital (San Francisco), Fatima Gobi Ventures (Pakistan), and Indus Valley Capital (Pakistan) also continued their support for Airlift in this financing.
Read more: Emirates, Etihad Airways to resume transit flights as travel opens up