Logistics platform Trukkin raises $7 Million in Series A round

SourceWamda
SectorTransport
CountryUAE

UAE-based truck aggregator Trukkin, has raised $7 million (SAR 26 million) in its Series A round, led by Saudi Arabia-based Emkan Capital with participation from Impact46 Seed Fund, Taya Group and other strategic investors.

Founded in 2017 by Janardan Dalmia, Trukkin digitises the process of matching shippers with truckers to bring efficiency to a fragmented logistics industry.  

Trukkin plans to build fintech solutions for payments, insurance, and financial services.

The startup expanded its services into Pakistan in 2020, while growing its business in the UAE and Saudi Arabia while also serving 12 countries in the broader Middle East region. 

Press release:

The logistics and supply chain startup Trukkin has secured an investment of SAR 26 million for its Series A round. The round was led by Saudi based Emkan Capital with participation from Impact46 Seed Fund, Taya Group and other strategic investors.  

Founded in 2017 by former Barclays banker Janardan Dalmia, Trukkin is a leading aggregator that digitises the...read more...