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Egyptian Trucking Platform Naqla Raises $10.5M Pre-Series A Round

Six years on after daring to disrupt the market, digital freight platform is poised for more development and growth following its latest investment.

Egyptian tech-powered trucking platform, Naqla, has announced the raises of a Pre-Series A round wrth $10.5 million, led by El Sewedy Capital Holding(SCH), Hassan Allam Holding (HAH), and the Sallam Family.

Founded in 2017 by Samer Sallam and Sherif Taher, Naqla was conceived as a solution to an archaic system. At the core of its goals is to digitally transform and subsequently modernise an Egyptian freight industry valued at over EGP 30 billion.

Through its app, Naqla connects independent carriers with cargo companies, providing a more affordable and efficient mode of work, both in terms of best rates and best routes. The app streamlines the shipping process from beginning to end, covering everything from automating everything from pick-up and delivery, to payment and all documentation. Through its Carrier ecosystem through which it onboards drivers, the startup also offers road assistance, finance, insurance, health care and maintenance.

Since its launch, Naqla has experienced impressive, rapid growth in over 35 active zones, overseeing the transportation of over 4.6 million tonnes of cargo. The startup works with over 400 shippers and over 10,500 drivers across the country.

What’s next? Well, Naqla’s road to success is paved with a hefty new investment, one that will invest further in its commitment to advancing technology and digitisation, with a view to chasing more growth and development throughout 2022.