Karachi-head office Trukkr has increased $600,000 in seed financing led by Peter Findley, it informed Pakistan Tech News. The shareholder is a Partner at Anchorless, a New York-head office VC targeted on Bangladesh. The deal also contained collaboration from Pakistan-aimed investor Kinnow VC, Kargo Technologies founder and CEO Tiger Fang, and an executive from Cue Health. In addition to fair financing, the startup has also increased an untold amount of money in debt investment.
Read More about recently funded Pakistani Startups
Established in 2020 by Sheryar Bawany, Waqas Khatri, Ali Haji, Mishal Adamjee, and Kasra Zunnaiyer, Trukkr supports businesses transport their commodities across Pakistan availing its network of transporters. Its marketplace promotes considered transporters and truck drivers and matches loads in real-time and fair pricing for both sides. Since its set up, the inception maintains to have provided twenty thousand trucking movements for various businesses in Pakistan as well as leading large organizations such as Artistic Milliners, Ittehad Chemicals, and Master Group.
Trukkr has also constructed an assigned logistics arrangement platform that can be utilized by companies to control their nimble, customers, and transporters. The platform is entirely free-to-use for Trukkr’s users.
There are at least ten domestic and territorial online trucking markets working in Pakistan. Talking about how they are dissimilar, Waqas Khatri Trukkr’s co-founder described Pakistan Tech News that their technology is impressive and is being utilized by some of the biggest companies in the country. They are not only utilizing our marketplace to proceed their commodities all over Pakistan but our online software as well to control their entire organization operations.
Peter Findley appears to admit with the bit about technology. Trukkr’s technology is top in a class not just in Pakistan but also in worldwide markets. Its administration team has a great consideration of how to apply the delivery solution. Their understanding of graph theory permits them to guide routes in a way that reduces waste. This leads to a capability to develop the carbon footprint of the trucking industry and also their alliances.
Before initiating Trukkr, its Sheryar Bawany co-founder utilized to conduct a logistics company in Karachi. After executing that for ten years, he joined with his co-founders to resolve the incapability in the domestic trucking firm availing technology. With a practiced operations team guided by the founders and a strong, complete and confined technology platform integrated house, we have done more than twenty thousand trips since we launched operations in 2020. We also received a positive response from our users has been overwhelming, he said in a discussion with Pakistan Tech News.
Kinnow VC Faaez Ul Haq told that we are delighted to finance in Trukkr as they get on the huge opportunity that the Pakistani cargo market represents. We focused on several players in this space, and the Trukkr team emerged for their deep proficiency, capability to quickly perform, and rich product providing.
The startup plans to avail the latest investments to further raise its technology and enlarge its operations.