PAKISTAN

Cheetay Logistics raises $7.8 million investment for US investors

Cheetay Logistics raises $7.8 million investment for US investors 266 190 wp-admin

Cheetay Logistics (Pvt.) Ltd. Is a fast growing tech based mile logistic company which issued a Statement that: “Cheetay Logistics has raised $7.8 million in a Series A round from US-based investors, which brings the inception-to-date funding for the company to over $11.5 million”.

                This is the largest amount raised by any local startup company in Pakistan in its early days. Former CEO of Daraz.pk and founder of Cheetay Ahmed Khan made a statement that, “This magnitude of capital is a testament to the quality of technology that we have developed locally in Pakistan and a recognition by the international investing community of Cheetay’s success to date and the enormous opportunity ahead of us. With the fundraising behind us, we are now searching for driven, talented and creative leaders who can help take us to the next level”.

This is the largest amount raised by any local startup company in Pakistan in its early days. Former CEO of Daraz.pk and founder of Cheetay Ahmed Khan made a statement that, “This magnitude of capital is a testament to the quality of technology that we have developed locally in Pakistan and a recognition by the international investing community of Cheetay’s success to date and the enormous opportunity ahead of us. With the fundraising behind us, we are now searching for driven, talented and creative leaders who can help take us to the next level”.

                Cheetay right now operating in four Pakistani cities but CEO Majid Khan said he is focused to develop company operation into every big city in the country and expecting rapid geography coverage this year. The company is focusing to invest these raised funds to enables its geographic growth and expand the team and continuous investment in development in its industry standard logistic technology and algorithm.

                Majid Khan summed up by saying, “I want to thank all the members of the Cheetay team for their energy, enthusiasm, and dedication in creating a business so compelling that it is attractive on a global scale. We are going to deploy our capital aggressively in our bid to become Pakistan’s pre-eminent technology company”.

                Pakistan’s fastest growing tech based logistic services company is expanding and right now it provides its services in Lahore, Karachi, Islamabad and Rawalpindi.