Lifestyle

Airlift Grocer launches in Pakistan with an impressive foreign investment of $10m

Bus ride-hailing service Airlift has introduced a new online grocery shopping service in Pakistan introduced as ‘Airlift Grocer’, bringing in an impressive foreign investment of $10 million. This investment comes to Pakistan at a time when the economy is crippled due to the havoc caused by Covid-19 and the creation of new jobs and supporting the local suppliers can serve as a lifeline for the local economy through such foreign investments.

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.

Related Post

This new service from Airlift promises to provide an international experience of retail e-commerce to Pakistan’s every growing base of online shoppers, while strictly following safety guidelines as issued by public health authorities to restrict the further spread of Covid-19. Airlift Grocer promises a satisfying shopping experience through its express delivery of all orders within 45 minutes. Shoppers will also be able to choose from a wide range of products which are sure to be delivered with an accuracy of order and fixed transport charges irrespective of order value.

The service is currently introduced for online shoppers in Lahore and will soon be launched in Karachi. Shoppers can log on to the website airliftgrocer.com to start shopping or download the Airlift Grocer mobile app from Google Play Store and Apple’s App Store.

NewsDesk

Recent Posts

  • Latest News

Mid-air helicopter crash in Malaysia leaves 10 dead

A mid-air helicopter crash in Malaysia on Tuesday has left at least 10 people killed.…

9 mins ago
  • Latest News

Iranian President Raisi arrives in Karachi

Iranian President Raisi arrived in Karachi on Tuesday evening on the third and final day…

1 hour ago
  • Hollywood News

R-rated Deadpool & Wolverine trailer is finally out

The R-rated Deadpool & Wolverine trailer starring Ryan Reynolds and Hugh Jackman is finally out!…

1 hour ago
  • Latest News

Tensions build up at American universities over protests in support of Palestine

Tensions build up at American universities over protests in support of Palestine. As reported, tension…

4 hours ago
  • Lifestyle

Pilgrim spots rare Persian leopard near Nani Mandir in Balochistan

A pilgrim has spotted a rare Persian leopard near Nani Mandir in Balochistan it emerged…

4 hours ago
  • Latest News

Iranian President expresses his desire to address ‘public gathering’ upon arrival in Lahore

Iranian President Seyyed Ebrahim Raisi expressed his desire to address a 'public gathering' upon arrival…

4 hours ago