Trukkr, a Karachi-headquartered online logistics platform, has secured US$ 0.6 million in a Seed investment round led by Peter Findley, General Partner at Anchorless, on 4 July 2021.
Investors: The investment round featured Peter Findley, General Partner at Anchorless, as the lead investor with participation from Kinnow VC, Tiger Fang, who is the CEO and Co-Founder of Kargo Technologies. The startup has also bagged an undisclosed amount of funds in debt financing.
Purpose of the funding: The startup seeks to deploy the proceeds from the investment round to modernize its technology further and expand its business.
About Trukkr
Established in 2020 by Sheryar Bawany, Waqas Khatri, Ali Haji, Mishal Adamjee, and Kasra Zunnaiyer, Trukkr aids enterprises in solving their transportation requirements across Pakistan through its system of truck drivers. Its platform offers genuine shippers and links loads instantaneously, with affordable and cost-effective prices for both sides. The firm has also constructed a logistics management platform that assists businesses in supervising and directing their fleet, users, and transporters. The portal is entirely free-to-operate for the users of Trukkr. Since its founding days, the startup asserts to have met 20,000 trucking contracts for different Pakistani enterprises, including corporates such as Artistic Milliners, Ittehad Chemicals, and Master Group. Not only this, but many large enterprises are also using Trukkr’s online software to handle their complete logistics movements.
What the Founder has to say: “With the help of a professional and competent team head by the founders, and a tough, systematic and regional tech platform, we have served over 20,000 trips since our early days in 2020, and the good feedback from our users has been promising.”- Sheryar Bawany, Co-Founder of Trukkr.
What the Investors have to say: “Trukkr offers a top-class solution not only in Pakistan but also in markets across the world. Their management staff has excellent knowledge and comprehension of implementing the freight solution. Their understanding of the graph hypothesis enables them to analyze routes in a waste-minimized manner. As a result, their potential to reduce the carbon footprint of the trucking industry enhances.”- Peter Findley, General Partner at Anchorless. “We feel delighted to aid Trukkr to meet their financial requirements as the freight industry of Pakistan depicts a nice prospect for accelerating growth. After analyzing several businesses in this domain, we settle at Trukkr as its teams hold great expertise and potential to promptly implement, a high-end economical product.”- Faaez Ul Haq from Kinnow VC.
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