Delivery startup Airlift pulls out of several cities in Pak & S Africa; downsizes staff

Pakistan’s last-mile delivery startup Airlift, which raised $85 million in the largest-ever funding round by a local startup in 2021, has said it is pulling out of several markets citing adverse global market events.

The startup – which was widely anticipated to become the South Asian country’s first unicorn – is closing down operations in South Africa, and several cities in Pakistan even as it is reducing headcount by 31% across all markets.

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