Middle Eastern logistics startup TruKKer raised $100 million from investors including Bahrain-based asset manager Investcorp and Abu Dhabi wealth fund Mubadala Investment Co.
TruKKer will use the funds to expand into new countries and is “considering acquisition opportunities to accelerate growth,” according to Biswas. The transportation company currently operates in eight countries, including Saudi Arabia, the United Arab Emirates, and Turkey. Through its platform that connects shippers and freight carriers, the company manages a network of over 45,000 trucks.
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Middle Eastern logistics startup TruKKer raised $100 million from investors including Bahrain-based asset manager Investcorp and Abu Dhabi wealth fund Mubadala Investment Co.
TruKKer will use the funds to expand into new countries and is “considering acquisition opportunities to accelerate growth,” according to Biswas. The transportation company currently operates in eight countries, including Saudi Arabia, the United Arab Emirates, and Turkey. Through its platform that connects shippers and freight carriers, the company manages a network of over 45,000 trucks.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
