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- Airlift Technologies
Airlift Technologies Revenue, Valuation, Funding & Investors
Airlift Technologies is valued at $275M as of August 2021, a 3.1x multiple on its last reported $90M revenue.
Last Airlift Technologies valuation
$275M
Series B · Aug 2021
Last Airlift Technologies funding round
$85M
Series B · Aug 2021
Airlift Technologies revenue
$90M
Series B · Aug 2021
Key investors in Airlift Technologies
Indus Valley Capital
First Round Capital
Fatima Gobi Ventures
Fatima Ventures
Village Global
Unpopular Ventures
About Airlift Technologies
Airlift Technologies is a Pakistan-based logistics firm founded in 2019. It operates decentralized transportation networks and Airlift Express for 30-minute last-mile deliveries of food, pharmacy, groceries, and electronics across Lahore, Karachi, Islamabad, and Rawalpindi, backed by First Round Capital with over $24 million raised.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Revenue
$90M (Aug 2021)
Valuation
$275M (Aug 2021)
Airlift Technologies Valuation
Airlift Technologies is currently valued at $275M, based on its Series B in August 2021.
The $85M round was led by Harry Stebbings and Josh Buckley, with participation from Future Positive, Tet Ventures, Julien Codorniou and Karman Ventures.
Airlift Technologies valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Aug 2021 | Series B | $275M | 3.1x |
Airlift Technologies Revenue
Airlift Technologies' latest recorded revenue is $90M, as of its Series B in August 2021. At a $275M valuation, that implies a 3.1x revenue multiple.
Airlift Technologies revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Aug 2021 | $90M | $275M | 3.1x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Airlift Technologies Funding History
Airlift Technologies has raised a total of $109M across 4 funding rounds.
Airlift Technologies' first fundraising round was a $2M seed round in August 2019. The most recent completed round was a $85M Series B in August 2021.
Airlift Technologies funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2021 | Series B | Harry Stebbings (lead); Josh Buckley (lead); Future Positive; Tet Ventures; Julien Codorniou; Karman Ventures | $85M | $275M | Airlift Technologies, founded in 2019 and headquartered in Lahore, Pakistan, operated as a logistics solutions startup initially focused on mass transit and ride-hailing, scaling to over 40,000 rides per day through supply-side technology and commercial vehicle marketplaces in cities like Lahore and Karachi. The company raised a Series B round on August 18, 2021, with participation from investors including Harry Stebbings, Josh Buckley, Quiet Capital, Indus Valley Capital, Stanley Tang, and others, as part of total funding exceeding $109M across multiple rounds. Airlift's funding landscape featured 28 investors across six rounds. Traction included rapid operational scaling prior to the round, with the founding team leveraging experience in manufacturing and supply chains to build platform capabilities. The company ceased operations with a 'Dead' status reported on July 12, 2022. It operated in Pakistan's competitive e-commerce and logistics sector alongside peers like Bazaar Technologies and Zameen.com, contributing to the 'Airlift Mafia' network of alumni startups. |
| Jun 2020 | Series A | Quiet Capital (lead); Shorooq Partners; First Round Capital; Fatima Gobi Ventures; Graph Ventures; TrueSight Ventures; ACE Capital; K2 Global; Indus Valley Capital; RT Ventures | $10M | - | Airlift Technologies, a Pakistani ride-hailing startup connecting passengers with buses on fixed routes, raised $10 million in Series A-1 financing around June 2020. The round was led by Quiet Capital with participation from TrueSight Ventures, RT Ventures, Shorooq Partners, ACE Capital, and existing investors First Round Capital, Fatima Gobi Ventures, and Indus Valley Capital, bringing total funding to $24.1 million. This followed a $12 million Series A in November 2019 and $2.2 million seed in August 2019. Due to COVID-19, Airlift paused transit operations and launched Airlift Grocer, a 45-minute delivery service for household essentials. |
| Nov 2019 | Series A | First Round Capital (lead); Village Global; Fatima Ventures; Curtis Lee; Unpopular Ventures; Indus Valley Capital | $12M | - | Airlift Technologies, founded in March 2019 in Lahore, Pakistan, operated as a mass transit and ride-hailing service before pivoting to instant grocery delivery amid COVID-19 lockdowns. The company raised $12 million in a Series A round in November 2019, led by First Round Capital with participation from investors including Curtis Lee, Fatima Ventures, Indus Valley Capital, Unpopular Ventures, and Village Global. This followed a $2.2 million seed round in August 2019. Airlift launched operations with a pilot in Lahore, expanding to Karachi by July 2019 and acquiring 50,000 riders in Lahore within five months. The startup self-funded initially with $50,000 from founder Gul. It later introduced Airlift Express for online grocery orders with 30-minute delivery from warehouses. The company raised additional funding, including $85 million in Series B in 2021 co-led by Buckley Ventures and 20 VC Explorer, bringing total funding to $110 million at a $275 million valuation. Airlift ceased operations on July 13, 2022. |
| Aug 2019 | Seed | Fatima Ventures (lead); Indus Valley Capital (lead); Walled City Co.; Fatima Gobi Ventures; Adil Ajmal | $2M | - | - |
Who has invested in Airlift Technologies?
22 investors have backed Airlift Technologies across its funding rounds, including Indus Valley Capital, First Round Capital, Fatima Gobi Ventures, Fatima Ventures, Village Global and Unpopular Ventures.
Lead investors include Harry Stebbings, Josh Buckley, Quiet Capital, First Round Capital, Fatima Ventures and 1 other investor.
Airlift Technologies Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Aug 2019 | ||
| 2 | Lead | Aug 2019 | ||
| 2 | Lead | Nov 2019 | ||
| 2 | Participant | Aug 2019 | ||
| 1 | Participant | Nov 2019 | ||
| 1 | Participant | Jun 2020 | ||
| 1 | Participant | Aug 2019 | ||
| 1 | Participant | Aug 2021 | ||
| 1 | Participant | Jun 2020 | ||
| 1 | Participant | Aug 2021 | ||
| 1 | Participant | Jun 2020 | ||
| 1 | Participant | Jun 2020 | ||
| 1 | Participant | Aug 2021 | ||
This data is available for Pro users. Sign up to see all 22 Airlift Technologies investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAirlift Technologies Competitors
Airlift Technologies competitors include listed companies like Ehang, Eve Air Mobility and Vertical Aerospace, and private ones like Yassir, Barogo and Cheetah.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $185M | - | ||
| Private | - | - | $294M | - | ||
| Publicly listed | $62M | ($44M) | $350M | 4.3x | ||
| Private | $111M | - | $180M | 1.6x | ||
| Publicly listed | - | ($212M) | $718M | - | ||
| Publicly listed | - | ($140M) | $102M | - |
Airlift Technologies Public Comps
Airlift Technologies is still privately-owned, but its public comps include bpost, Maritima de Inversiones, Transport Trade Services, K&S Corp, Kingston Wharves, Socar, Accel, Waberer's Group, Luka Rijeka and JSL SA.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $5.1B | $570M | 0.4x | 0.5x | 4.0x | 3.7x | |||
| $4M | - | 0.0x | - | - | - | |||
| $142M | $20M | 2.2x | 2.0x | 16.2x | 10.9x | |||
| $530M | $65M | 0.7x | - | 5.6x | - | |||
| $80M | $34M | 3.4x | - | 8.2x | - | |||
| $343M | $72M | 1.5x | - | 7.0x | - | |||
| $887M | $125M | 0.8x | - | 5.4x | - | |||
| $940M | $120M | 0.4x | - | 3.3x | - | |||
This data is available for Pro users. Sign up to see all Airlift Technologies competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Airlift Technologies
| When was Airlift Technologies founded? | Airlift Technologies was founded in 2019. |
| Where is Airlift Technologies headquartered? | Airlift Technologies is headquartered in Lahore, Pakistan. |
| Is Airlift Technologies publicly listed? | No, Airlift Technologies is a private, VC-backed company. |
| What is Airlift Technologies' valuation? | Airlift Technologies was last valued at $275M in its Series B in August 2021. |
| How much funding has Airlift Technologies raised? | Airlift Technologies has raised $109M across 4 funding rounds. |
| What was Airlift Technologies' last funding round? | Airlift Technologies' last funding round was a $85M Series B in August 2021, led by Harry Stebbings and Josh Buckley. |
| Who are Airlift Technologies' investors? | Airlift Technologies' investors include Indus Valley Capital, Fatima Ventures, First Round Capital, Fatima Gobi Ventures, Village Global, Shorooq Partners, Walled City Co., Future Positive, Graph Ventures, Tet Ventures and 12 others. |
| What is Airlift Technologies' revenue? | Airlift Technologies' latest recorded revenue is $90M (August 2021). |
| What is Airlift Technologies' revenue multiple? | Airlift Technologies' latest valuation implies a 3.1x revenue multiple ($275M valuation on $90M of revenue). |
| Which companies are comparable to Airlift Technologies? | Companies comparable to Airlift Technologies include Yassir, Barogo, Ehang, Cheetah, Eve Air Mobility and Vertical Aerospace. |
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