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22
Dec
2017
The ‘Uber’ for trucks UAE based TruKKer raises $1.4mn seed fund

The ‘Uber’ for trucks UAE based TruKKer raises $1.4mn seed fund

22 Dec 2017


TruKKer, the region’s fastest growing truck aggregator, is preparing for large-scale expansion after witnessing 2000% growth in its first year of operations in UAE.

The company has closed a seed round of USD 1.4 million led by the Saudi-based Raed Ventures and includes institutional funds including Saudi-based Riyad TAQNIA Fund (RTF), 500 Startups, Averroes  Ventures and Arzan VC.

TruKKer is an on-demand truck aggregator that operates as a full service trucking company with a tech-enabled trucking network. The company focuses on on-boarding individual transporters to its capacity after stringent training for compliance to its technology and operational standards. TruKKer currently services 100+ corporates in UAE and also does cross border movements to KSA and Oman. TruKKer is also into consumer business where it services hundreds of home moves every month.

Gaurav Biswas, Founder & CEO of Trukker.ae said “We have focused on execution from day one along with quick to market strategy for all our products and segments, which has been one of the primary driver of our growth. The trucking industry has remained traditional for a very long time, relying on brokers to connect trucking companies and shippers, an uneven process, which is ready for technology-based transformation. Our services and products are designed to fill the gap between what the industry requires from an organized transportation company and what services are received from the unorganized small and individual owner-drivers. Our technology and operational set up allows all member transporters to operate on a common performance standard and service quality.”

 


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