Trukkin, a UAE-based logistics and supply chain startup, has closed an investement of $7 million during its Series A round. The round was led by Saudi-based Emkan Capital, along with participation from Impact 46 Seed Fund and Taya Group, among others.
Founded in 2017, the logistics startup offers a tech native solution that enables shippers to connect with truckers for the transport of heavy cargo. Trukkin has since expanded its tech to 12 countries across the MENA region, and enjoyed great success during the pandemic.
“I’m very proud of the team and the growth we’ve achieved over the course of the last year as we expanded into Pakistan and grew revenues despite the difficult envoirnment presented by COVID,” said Janardan Dalmia, founder and CEO of Trukkin. “We are excited to close the round with strategic investor, it confirms our vision of creating a world-class regional aggregation platform to enable logistics for the shippers and transporters.”
The startup’s launch in Pakistan was a notable milestone, as the first mover and logistics platform in Pakistan, according to the company.
“We see enormous growth potential in the logistics industry in the region, the size of the market is considerable at over $50 billion,” adds Dalmia. “Currently, local fragmented players dominate the market in the region, and we are working to be an enable that brings this fragmented market together.”
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