Middle East and Pakistan based logistics platform, Trukkin, has raised US $7 million in a recent funding round 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 an aggregator that digitises the process of matching cargo shippers with truckers to bring about greater transparency, reliability and efficiency to the logistics industry. Trukkin is also building new solutions for payments, insurance and financial services.
Dalmia says, “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 environment presented by COVID.”
Since a successful launch in Pakistan, Trukkin has continued to invest in technology while expanding its presence further in Saudi Arabia and the United Arab Emirates.
Trukkin sees ‘enormous’ growth potential in the logistics industry in the Middle East and Pakistan, currently dominated by local, fragmented companies. “We are working to be an enabler that brings this fragmented market together on an integrated, world-class platform to showcase collective growth,” adds Dalmia.