Cheetay.pk has raised has raised $7.8 million in a Series A round from US-based investors whose name has not been disclosed yet. This totals the funding for Cheetay to be just over $11.5 million. Previously, Cheetay raised $3.8 million in rounds of Series A-1, Series A-2, and Series A-3. With the latest investment, they have now concluded their Series A rounds. This takes the total investment to precisely $11.6 million.
Cheetay was founded in 2015 as an on-demand logistics startup that initially delivered only food in Lahore. It gradually evolved and expanded and has now become a Now-commerce startup as called by the founder of the startup. It currently operates in four cities: Lahore, Karachi, Rawalpindi, and Islamabad. With the current investment, Cheetay plans to expand considerably and have presence and operations in every major city of the country. Not only geographically, it also plans to grow the team as well as the categories of the business.
We wish team Cheetay the best of luck in its future endeavors.