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Announced

Completed

ADQ and STV led a $96m series B funding round in Trukker.

Financials

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Transaction Value£78m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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trucking company

Single Bidder

Private Equity

Trucking

Majority

Completed

United Arab Emirates

Venture Capital

Acquisition

Domestic

Private

Friendly

Synopsis

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ADQ, an investment and holding company, and STV, a venture capital fund, led a $96m series B funding round in Trukker, a logistics & transportation company, with participation from Mubadala Investment Company, Riyad Taqnia Fund and Shorooq Partners. "We are constantly improvising on our launch playbook that allows us to rapidly launch new markets followed by scaling our offering in each of them. At the same time, the core market teams are becoming more data and analytics driven in business processes to ensure improving user experience, setting standards, and leading the sector's direction," Gaurav Biswas, TruKKer CEO.

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