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TruKKer Secures $15M Investment from Ruya Partners to Accelerate MENA Logistics Innovation

Malaz Madani
Malaz Madani

3 min

TruKKer secures $15 million from Ruya Partners to enhance its digital logistics platform.

The investment accelerates TruKKer's regional growth and boosts tech capabilities across MENA and Central Asia.

TruKKer simplifies freight logistics with real-time marketplace innovations and AI-driven process upgrades.

Ruya Partners supports tech-driven logistics aligning with Saudi Vision 2030 and UAE's futuristic strategy.

TruKKer is poised for growth with backing from major investors like Mubadala and Investcorp.

I've been watching startups evolve across the MENA region for some time now, and one company that's been catching everyone's attention is TruKKer. Well… I mean, it's not every day that a digital logistics company manages to bag itself a tidy $15 million private credit investment. That’s exactly what happened, thanks to Ruya Partners, an Abu Dhabi-based private investment firm.

This fresh injection of capital is set to fuel TruKKer’s regional ambitions, allowing them to ramp up their tech capabilities and further strengthen their position as the leading digital freight platform in the Middle East, North Africa, and Central Asia. These folks are already pretty massive, connecting around 60,000 transporters with over 1,200 major enterprise clients across nine countries—from Saudi Arabia and the UAE to places like Oman, Jordan, Turkey, and Kazakhstan.

It's impressive how quickly TruKKer has shaken things up in a traditionally old-school sector. The company's mission is all about digitising what used to be a bit of a faff—manually-run freight logistics, crowded with paperwork and hours lost calling around. They’ve created a real-time marketplace for trucking that simplifies everything from booking the right truck to sorting out payments, scheduling, and automated dispatching. It’s a smart move, if you ask me.

As Rashid Siddiqi, Partner and Co-Chief Investment Officer at Ruya Partners puts it, TruKKer's an example of true “entrepreneurial innovation” reshaping the regional logistics landscape. According to Siddiqi, the investment aligns perfectly with the national priorities of Saudi Arabia's Vision 2030 and UAE's own future strategy.

TruKKer's founder and CEO, Gaurav Biswas, seems understandably chuffed to bits about this deal—he believes Ruya's backing adds real substance to their list of institutional investors and supports their broader goal of solving logistics challenges. Biswas said he sees this partnership as something that'll solidify TruKKer’s market standing even further, boosting their innovation efforts with AI-driven process upgrades and fintech integration.

If we look at Ruya Partners, it’s clear that betting on transformative businesses is their sweet spot. TruKKer marks the sixth investment for their flagship private credit fund—Ruya Private Capital I—which, interestingly, is now already 90% invested. Omar AlYawer, Partner and Chief Capital Formation Officer at Ruya Partners, underscored the importance of backing businesses at the forefront of Saudi Arabia's push towards a tech-driven logistics sector.

At Arageek, we see these kinds of strategic investments as the lifeblood of entrepreneurial growth in the region. Deals like these not only help companies scale more rapidly, but also reinforce investor confidence in MENA’s emerging digital economy—a space I've found increasingly exciting to watch. Of course, logistics is not the flashiest of sectors (and I'm not a fan of paperwork myself), but TruKKer manages to make it look genuinely exciting.

Now, this credit injection comes courtesy of Ruya Partners, regulated by the Financial Services Regulatory Authority and backed by heavyweight investors—so we're talking solid financial foundations here. Meanwhile, TruKKer counts regional giants like Mubadala Investment Company, ADQ, Investcorp, and STV among its backing network; that's certainly no small feat.

It's hard not to feel optimistic about what this means for TruKKer’s future plans. After all, companies like TruKKer don’t come around every day, and with the region’s logistics industry ripe for digitilisation, it looks like a win-win for everybody involved.

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