Airlift closed its operations in Pakistan due to funding problems.The startup was trying to usher in a new era as recently as last week, but "numerous" investors told the firm it would take them at least two months to recover the money, TechCrunch told employees. Reported with reference to slides made. "Other investors are unwilling to take the risk of wiring ahead of others," Slide said. According to DealStreetAsia, Airlift had suspended all deliveries across Pakistan during the three-day Eid-ul-Adha festival, which has seen an increase in demand for delivery services in general. In addition, the company was evacuating warehouses and moving inventory during the announcement.
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