TruKKer raises $1.4M seed round led by Raed ventures
TruKKer, an on-demand truck aggregator startup, is preparing for large-scale expansion after witnessing 2000% growth in its first year of operations in UAE, according to its press release.
The company has closed a seed round of USD 1.4 million, led by Saudi-based Raed Ventures and includes institutional funds like Saudi-based Riyad TAQNIA fund (RTF), 500 Startups , Averroes Ventures and Arzan VC.
TruKKer 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 over 100 corporates in UAE and also does cross-border movements to Saudi Arabia and Oman. This is in addition to its thriving consumer business where it services hundreds of home moves every month.
“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,” Gaurav Biswas, founder and CEO of Trukker in a press release.
“TruKKer has successfully reduced transportation rates by 20 – 30% on many instances based on higher asset utilizations of its member trucks,” he added.
TruKKer is working on multiple opportunities in Saudi Arabia and aggressively hiring for its operations and business development teams in the Eastern and Western regions in the Kingdom.