How Pakistan's Startup Ecosystem Failed:Pakistan failing?

hello everyone,
Just four months earlier, Airlift a 3 year old instant grocery delivery pakistani startup
had raised $85 million in the largest funding round Pakistan had ever seen, at a record valuation of $275 million.
after 2 years of tremendous growth it raised $100 million in funding and became a 2200 crore rupees company.
In total, Airlift had raised over $110 million, becoming the most-funded startup in Pakistan.
Flush with cash, the company was expanding at a rapid pace, luring talented professionals out of their jobs at safe,
stale bureaucratic companies.
Airlift also expanded its delivery network rapidly, opening multiple new warehouses in eight cities of pakistan,
with around more than 80 warehouses in total.
This was critical for its 30-minute grocery delivery model, which had never been done in Pakistan before.
In addition to eight Pakistani cities, Airlift had launched in three South African cities, Cape Town, Johannesburg, and Pretoria.
no other pakistani startup had ever produced the same level of hype.
everyone thought pakistan would get its first unicorn.
by the way if you don't know then unicorn companies are those company that reach a valuation of $1 billion
without being listed on the stock market and are the dream of any tech startup.
but On July 12, 2022, Airlift sent shock waves across the Pakistani startup community as it announced that it was shutting down permanently.
The company’s investors pulled out of a fresh funding round, and around 300 corporate employees, and thousands of warehouse and
delivery staff, were jobless overnight.
so how does a well funded, well established, well planned startup, suddenly in months went to bankrupt.
what where the reason behind their shut down? is it the companies mismanagement or just some bad luck?
lets check out -

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Видео How Pakistan's Startup Ecosystem Failed:Pakistan failing? канала The Factor