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

Airlift Technologies Overview

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

PakistanLahore

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

Airlift Technologies valuation by funding round
DateStageValuationRevenue Multiple
Aug 2021Series B$275M3.1x

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

Airlift Technologies revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Aug 2021$90M$275M3.1xSeries 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

Airlift Technologies funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2021Series BHarry Stebbings (lead); Josh Buckley (lead); Future Positive; Tet Ventures; Julien Codorniou; Karman Ventures$85M$275MAirlift 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 2020Series AQuiet 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 2019Series AFirst 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 2019SeedFatima 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

Investors in Airlift Technologies by funding rounds participated
InvestorHQRoundsRoleFirst check
Indus Valley CapitalPakistanKarachi3LeadAug 2019
Fatima VenturesPakistanLahore2LeadAug 2019
First Round CapitalUnited StatesPhiladelphia, PA2LeadNov 2019
Fatima Gobi VenturesPakistanLahore2ParticipantAug 2019
Village GlobalUnited StatesLos Angeles, CA1ParticipantNov 2019
Shorooq PartnersUAEAbu Dhabi1ParticipantJun 2020
Walled City Co.UAEUAE1ParticipantAug 2019
Future PositiveUnited StatesSan Francisco, CA1ParticipantAug 2021
Graph VenturesUnited StatesSan Francisco, CA1ParticipantJun 2020
Tet VenturesGermanyGermany1ParticipantAug 2021
TrueSight VenturesUnited KingdomLondon1ParticipantJun 2020
ACE CapitalTaiwanTaichung1ParticipantJun 2020
Julien CodorniouUnited KingdomLondon1ParticipantAug 2021

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Airlift Technologies Competitors

Airlift Technologies competitors include listed companies like Ehang, Eve Air Mobility and Vertical Aerospace, and private ones like Yassir, Barogo and Cheetah.

Public and private companies comparable to Airlift Technologies
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
YassirAlgeriaAlgiersPrivate--$185M-
BarogoSouth KoreaSeoulPrivate--$294M-
EhangChinaChinaPublicly listed$62M($44M)$350M4.3x
CheetahUnited StatesSan Francisco, CAPrivate$111M-$180M1.6x
Eve Air MobilityUnited StatesUnited StatesPublicly listed-($212M)$718M-
Vertical AerospaceUnited KingdomUnited KingdomPublicly 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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
bpost$5.1B$570M0.4x0.5x4.0x3.7x
Maritima de Inversiones$4M-0.0x---
Transport Trade Services$142M$20M2.2x2.0x16.2x10.9x
K&S Corp$530M$65M0.7x-5.6x-
Kingston Wharves$80M$34M3.4x-8.2x-
Socar$343M$72M1.5x-7.0x-
Accel$887M$125M0.8x-5.4x-
Waberer's Group$940M$120M0.4x-3.3x-

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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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