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UAE-based digital freight start-up Trukker buys Pakistan's TruckSher dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.
Dubai's buy-now-pay-later platform Postpay raises $10m thenationalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationalnews.com Daily Mail and Mail on Sunday newspapers.
Investors: DP World, Prime Venture Partners and family offices in Saudi Arabia and the UAE One of the biggest challenges that Sebastian Stefan faced after setting up his logistics company, LoadMe, was resistance to the adoption of technology by potential users. Mr Stefan first came up with the concept of a marketplace connecting freight carriers to companies looking to have their goods transported in 2014 and the business was fully operational by 2016. However, LoadMe s success depended also on the willingness of lorry and pickup drivers to use the platform – a feat he initially found difficult to achieve. “Adoption is a problem in our industry,” the LoadMe chief executive told ....
SHARE Trukker, a UAE start-up that provides an Uber-like service for trucks, is preparing for a potential listing as it aims to raise fresh funds to propel regional growth, its founder said. “In a few years, maybe sooner than we expect, a listing on the Saudi Tadawul is likely,” Gaurav Biswas, the company’s founder and chief executive, told The National. “Trukker has most of the top regional and international funds as investors and we are working towards a strong equity raise in H1 2021 … to further concrete our regional dominance and expand into other markets, added Mr Biswas, who did not disclose further details related to the potential listing. ....
Matthew Martin, Bloomberg News A haulage truck drives along a highway in Budapest, Hungary, on Wednesday, April 8, 2020. Across the globe, truckers are encountering delays along distribution chains snarled by the coronavirus pandemic. Photographer: Akos Stiller/Bloomberg , Bloomberg (Bloomberg) Trukker, a UAE-based startup that provides an Uber-like service for trucks, is planning to launch a new fundraising early next year and could eventually be listed on a regional stock exchange. âWe think that given the potential size of this market, it would be hard to keep Trukker private,â founder and Chief Executive Officer Gaurav Biswas said in an interview. âSo a listing perhaps in Saudi Arabia is probable, or you could see some global consolidation.â ....