Saudi-based TruKKer raises $96m in equity and debt funding to expand its operation 

RIYADH: Digital freight network TruKKer has raised $96 million through an equity and debt series B financing round led by ADQ and Riyadh-based Saudi Technology Ventures, with Mubadala and the venture debt from Mars Growth.

The Saudi-headquartered truck aggregator will use the funding to expand its operation across the Middle East and Central Asia. In addition, the company is planning to launch new products and features, CFO Amit Agarwal told Magnitt.

Since 2018, TruKKer has brought together over 40,000 trucks and 700 enterprise customers from eight countries.