Investment fund bold STV says the investment round worth $ 23 million for platform TruKKer.
Managed platform TruKKer specialized in the road transport operations according to the request, closing a round of investment from the category “Series A” $ 23 billion USD worth of fund STV and the participation of funds, International Finance Corporation (IFC), the Endeavor Catalyst Fund and MEVP, in addition to & managing partner, Iliad Partners, a fund wind technique, box technique of Oman, and the partners.
Was TruKKer had been founded in the UAE in 2016 as a platform to provide transport services and customized, and then managed to achieve a phenomenal growth in the Gulf, Jordan, with more than 15 thousand transport truck help serve more than 200 customers.
The company says it will use this funding to improve the supply and demand between cargo owners and truck drivers, which achieve efficiency in the sector is vital and bulky, and will expand its operations in Saudi Arabia, the United Arab Emirates, other Gulf Cooperation Council countries, in addition to launch its operations to Egypt, Jordan, and the rest of the countries in the region.
And Gaurav Biswas, co-founder and CEO TruKKer by saying: “tour the most recent funding will help us to strengthen our operations and our infrastructure and expanding our team significantly next to more improvements on the technology, research and development,” he continued: “We are extremely excited to work with STV and the co-investors who support our vision enable us to continue to grow in the region, where our operations are quickly becoming the Way core transport trucking in the region, and provide transparency, efficiency, and many business advantages for our users.”
Company is working tracker “TruKKer” collecting data on the supply and align it with demand, providing a continuous flow of transactions. And then let the home services booking, shipment tracking, evaluation, and processing of digital companies to the wild, and also provide standardized rates and enhance the effectiveness of the regional market is huge.
Represent the harmonization between supply and demand in this sector the opportunity to significantly strengthen its development in overcoming the challenges facing shipping companies; such as transparency in setting prices and track shipments in real-time on the way to delivery services near in some applications. It also helps in overcoming the challenges facing the drivers; like hiking without a load and payment procedures.
From his part, Ahmed Al Nuaimi, investment director at STV: ” provide TruKKer efficiency to market logistics knowledge of the disorder. The increased adoption of the system by shipping digital significantly.” He added: “There is a huge demand from customers to improve the management of shipping supported by data and information all in one platform. Enjoying TruKKer all the characteristics to become a leader in the road transport sector in the Middle East, and will use this funding in the logistics sector in the region, which is scheduled to reach 66 million by 2020. ”
The company’s success in Saudi Arabia, the UAE and a catalyst in promoting the success of the company’s operations in neighboring countries and other countries of the Middle East and North Africa.