Pakistan’s Airlift shutting down following funding crunch, sources say

Airlift, Pakistan’s most valuable startup, is shutting down, two sources familiar with the matter told TechCrunch, following its inability to raise fresh capital.
The startup told employees Tuesday evening that it will be shutting down on Wednesday, according to the sources and a slide obtained by TechCrunch. The startup was attempting to put together a new round as recently as last week but “multiple” investors told the firm that it will take them at least two months to wire the money, the slide said.
“Other investors unwilling to assume the risk of wiring ahead of others,&#

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