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UAE start-up Trukker mulls public listing as it looks to expand


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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. ....

Saudi Arabia , Abu Dhabi , Abuz Aby , United Arab Emirates , Gaurav Biswas , Jason Geogatos , Amit Agarwal , Oman Technology Fund , International Finance Corporation , Endeavour Catalyst Fund , Riyad Taqnia Fund , Procter Gamble , Saudi Tadawul , Abu Dhabi Global Market Square , Silicon Valley Based Partners , Middle East , Saudi Technology Ventures , Middle East Venture Partners , Iliad Partners , Shorooq Ventures , Endeavour Catalyst , North Africa , சவுதி அரேபியா , ஒன்றுபட்டது அரபு அமீரகங்கள் , கௌராவ் பிஸ்வாஸ் , அமித் அகர்வால் ,

TruKKer raises $10 million venture debt from US-based Partners for Growth


TruKKer raises $10 million venture debt from US-based Partners for Growth
UAE-based on-demand truck aggregator TruKKer, has raised a $10 million strategic venture debt from San Francisco-based specialty lending firm Partners for Growth (PFG). This marks the largest-ever venture-debt in the Middle East and North Africa region (Mena) tech history, as well as the first for PFG in the region. 
Established in 2016, TruKKer claims to have a fleet of over 25,000 trucks and 500 B2B customers on its platform, including multinational consumer products companies. The newly-raised funds will be used to finance the working capital needs required for the instant payment of thousands of transporters operating on TruKKer’s network. ....

Saudi Arabia , Jason Geogatos , Amit Agarwal , Catalyst Fund , Oman Technology Fund , International Finance Corporation , Saudi Technology Ventures , San Francisco Based , Middle East , North Africa , Endeavor Catalyst Fund , Middle East Venture Partners , Iliad Partners , சவுதி அரேபியா , அமித் அகர்வால் , வினையூக்கி நிதி , ஓமான் தொழில்நுட்பம் நிதி , சர்வதேச நிதி நிறுவனம் , சவுதி தொழில்நுட்பம் முயற்சிகள் , சான் பிரான்சிஸ்கோ அடிப்படையிலானது , நடுத்தர கிழக்கு , முயற்சி வினையூக்கி நிதி , நடுத்தர கிழக்கு துணிகர கூட்டாளர்கள் ,