Announced
Completed
Financials
Sources
Tags
trucking company
Single Bidder
Private Equity
Trucking
Majority
Completed
United Arab Emirates
Venture Capital
Acquisition
Domestic
Private
Friendly
Synopsis
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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