Airlift Scores Record Pakistan Startup Funding as Commerce Booms

Airlift Technologies Pvt. has scored the largest single private funding round in Pakistan’s history ahead of plans to enter overseas markets, as the country begins to join a regional startup financing boom.

The Lahore-based online shopping delivery firm raised $85 million in Series B financing co-led by Harry Stebbings from 20VC and Josh Buckley from Buckley Ventures Ltd., with participation from former Y Combinator president Sam Altman. That would be the largest-ever round for a Pakistani startup, according to a data tracker from venture capitalist fund Invest2Innovate.

Pakistan is “in the very early stages, but the transformation is ...