Cheetay Logistics (Pvt) Ltd, Pakistan's fastest growing tech-enabled last-mile logistics company, announced today that it has raised $7.8 million in a Series A round from US-based investors. This brings the inception-to-date funding for the company to over $11.5 million.

This is the largest amount raised by any local Pakistani start-up in an early stage round. Ahmed Khan, Founder of Cheetay and former CEO of Daraz.pk stated, "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."

Copyright Business Recorder, 2019