Series A · Logistics

Airbound raises $37m Series A and announces Andhra Pradesh delivery agreement

Greenoaks led Airbound’s $37 million Series A, joined by DoorDash, Lachy Groom, Lightspeed and Humba Ventures.

Financing and company context

The financing brings cumulative funding to nearly $50 million and supports engineering, manufacturing and commercial expansion.

Alongside the raise, Airbound announced an agreement to build a three-city delivery network in Andhra Pradesh. Its target of up to 10,000 daily flights is a planned scale, distinct from more than 1,000 flights the company reported completing with Narayana Health.

Funding history

Series A · This round$37M

Sources

  1. rss.globenewswire.com