Investments

Dubai-based Trukkin raises investment for its B2B platform that connects shippers and transporters

Trukkin, a Dubai-based startup that connects shippers and truckers in the Middle East region through its cloud-based B2B platform has raised Pre Series-A investment from Batic, a Saudi public company with interests in logistics and security. The amount of funding was not disclosed.

Founded last year by Janardan Dalmia and Ahmed Ibrahim Alnafie, Trukkin acts as a marketplace to connect shippers and transporters for the movement of heavy cargo.

The shippers have option to request these services on demand with access to new suppliers and possibly lower transport overheads as well. They shippers can receive instant quotes by submitting their load details on Trukkin’s web or mobile apps. Shippers after confirming the booking have the option to track their shipments in real-time through the app or updates via SMS and email. They also receive confirmation and proof of delivery documents through email and then are required to pay for the shipment by cash, cheque or bank transfer.

The fleet owners and individual drivers get a new channel to sell their services. They are just supposed to register on the platform to receive load requests and provide quotes. If the booking is confirmed, they arrive at point of loading, pick up the load and deliver it to the offloading location.

According to Trukkin’s website, they have processed over 5,500 shipments to date with 1 million tons of goods. The startup currently has presence in UAE & Saudi Arabia with over 700 drivers in their network and more than 50 clients.

Janardan Dalmia, the founder & CEO of Trukkin, commening on the occasion, said, “Support from marquee institutions like Batic is a testament to the fact that we are on the right track. The investment will allow us to further scale our operations and continue the growth of the company.”

Omar Al Mohammady, CEO of Batic, speaking about their investment in Trukkin, said, “We have been closely monitoring the traction of the business for the past few months and are very excited about the potential opportunity Trukkin presents in this field. We have tremendous faith in the execution capabilities of its team and are very happy to join hands with them.”

Earlier this year, another similar Dubai-based startup TruKKer had raised $1.4 million in seed funding.

Zubair Naeem Paracha

Contributor at MENAbytes
An HR Consultant based in Riyadh who has always been passionate about tech and startups. Currently trying to build his own startup, Qraar. You can reach him on Linkedin,  Twitter or zubair [at] menabytes [dot] com.
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