Reasons for failure of airlift in Pakistan

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Pakistans startup airlift raised huge fundings of million of dollars but still had to shutdown its operations recently. 

There are many reasons for the debacle. Global fads not successful in Pakistan. The online grocery store could not change mindset of people buying as in Pakistan there is a grocery store at every corner of street.

Not having a strong business model as the gross margin was high but the net margin was around 2.5% only. 

Dilution of equity in the startup. We still believe that entrepreneurs can bring a massive change in revolution and grow a business like in airlift in near future. 


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