UAE’s Trukkin Continues to Shift Gears Following $7M Series A Round
The company has seen considerable growth since 2020, driving into Pakistan and serving 12 countries in the Middle East.
UAE-based logistics startup Trukkin has secured an investment of $7 million in a Series A funding round led by Saudi Arabia’s Emkan Capital, with participation from the Impact46 Seed Fund, Taya Group, and other investors.
Trukkin, a truck aggregating company established in 2017 by former Barclays banker Janardan Dalmia, digitises the process of matching shippers with truckers to foster a relationship of transparency, reliability, and efficiency within the logistics industry. The company also works towards building fintech solutions for payments, insurance, and financial services that aim to ultimately lay the groundwork for more financial inclusion for the unbanked.
Ghassan Aloshban, GP at Emkan Capital, said that “Trukkin has exhibited incredibly efficient use of capital and we’re very impressed with what they’ve been able to achieve in such a short time frame.”
He added: “Its core team with over 200 years of combined industry experience have showcased their expertise in not only navigating but driving growth during the pandemic. We look forward to supporting Trukkin, in serving hundreds of corporate clients and individual shippers as they aggressively look for expansion and growth in reach, capability, and business volume.”
Trukkin has seen a considerable expansion since the onset of the pandemic, driving into Pakistan in 2020 and becoming the leading logistics platform in the country, as well as growing operations in the UAE, Saudi Arabia, and serving 12 countries in the Middle East.