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Thursday, November 28, 2024

Pakistan's nascent startup ecosystem grapples with Airlift demise - Nikkei Asia

Last updated Tuesday, July 19, 2022 03:00 ET

KARACHI -- The collapse of Pakistan's last-mile delivery startup Airlift has sent shock waves across the investment and entrepreneurial community in the country's fledgling tech startup ecosystem.
The company announced the closure of operations last week on the third day of Eid, a three-day religious holiday celebrated in Pakistan. The decision followed layoffs and a retreat from markets in South Africa and Pakistan in May.



Read Full Story: https://asia.nikkei.com/Spotlight/DealStreetAsia/Pakistan-s-nascent-startup-ecosystem-grapples-with-Airlift-demise

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