Investors for MENA "trukker" platform
The IPO round for the privately-held Trukker Holding, a major digital freight network active in Saudi Arabia, UAE, Egypt and neighbouring countries, is underway.
Investcorp led the initial close of this round with USD 51 million investment alongside new and existing investors. This investment is part of the recently launched Investcorp Saudi Pre-IPO Growth Fund LP, targeting equity growth capital investments across a range of companies primarily based in Saudi Arabia.
At the UAE – KSA cross border lanes, Trukker now transports over 30,000 annual shipments. The company serves over 700 B2B enterprise clients and is on track to cross USD 200 million in revenues in 2022. About 10,000 drivers generate more than 70% of their monthly income on the Trukker platform. (sh)