What Pakistan’s biggest start-up failure means for the country’s tech ecosystem

  • Airlift, one of Pakistan’s best-funded start-ups, announced a complete shutdown of its operations earlier this week

  • The company’s high cash burn and weak path to profitability made it vulnerable to the global VC funding crunch

  • Airlift’s demise indicates that only the most sustainable businesses are likely to survive the macro downturn

July 14th, 2022
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