UAE start-up Trukker raises $1.4m

UAE truck aggregator start-up Trukker has raised $1.4m in a seed-funding round led by Saudi-based investors Raed Ventures and Riyad Taqnia Fund.

Other participants included 500 Startups, Averroes Ventures and Arzan VC.

Trukker operates an on-demand truck aggregator network with a focus on connecting smaller operators with shipping firms.

It has seen 2,000 per cent growth in its first year of operations and now services more than 100 corporates as well as individual home movers, according to the announcement.

“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,” said founder and CEO Gaurav Biswas.

“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 unorganised small and individual owner-drivers.”

The company said it was working on new opportunities in Saudi Arabia and aggressively hiring for its operations and business development teams in the Easter and Western regions.