UAE-Based Logistics Startup TruKKer Secures $15M Credit Facility from Ruya Partners
The MENA-based freight and logistics technology company, TruKKer Holding Limited, has secured a $15 million credit facility from the regional investment firm, Ruya Partners. This financing is designed to support TruKKer's regional expansion and enhance its technological capabilities.
By the Numbers
$15 Million: The total value of the new credit facility.
2016: The year TruKKer was founded.
90%: The portion of Ruya Private Capital Fund I's capital invested in Gulf-focused tech companies.
A Strategic Partnership to Fuel Regional Growth
This new financing represents the sixth deal from Ruya's "Ruya Private Capital I" fund. The capital will be used to fuel TruKKer's ongoing expansion across the region, further develop its technology platform, and solidify its leading position in the digitization of the freight and logistics sector. Gaurav Biswas, Founder and CEO of TruKKer, noted that the partnership with Ruya enhances the company's capital structure and supports its mission to expand its digital solutions.
Digitizing the Region's Freight and Logistics Sector
Founded in 2016, TruKKer operates a real-time digital marketplace that connects shippers with truckers. The company provides technology-driven solutions that reduce operational complexity and improve efficiency, with a strong focus on optimizing supply chains through artificial intelligence and multi-party integration.
Leadership on a High-Impact Collaboration
Omar Al-Yawer, Partner at Ruya Partners, stated that TruKKer represents the "type of high-impact tech companies that Ruya seeks to partner with." He highlighted that the fund has invested the majority of its capital in companies that are focused on growth and digital transformation in the Gulf, reinforcing their confidence in TruKKer's model and leadership.
About the Partners
TruKKer: A leading digital freight marketplace and logistics technology company in the MENA region. It provides a platform that connects cargo owners with transporters, aiming to create a more efficient and transparent supply chain.
Ruya Partners: A regional private capital firm that provides financing solutions to promising, growth-stage private companies in the Middle East.
Looking Ahead
This credit facility provides TruKKer with flexible capital to continue its scaling journey. The partnership is a strong indicator of the mature financing options now available to leading tech scale-ups in the region, enabling them to continue driving the digital transformation of traditional industries like logistics.
Source: Jawlah