Trukkr, a Karachi-based trucking marketplace has successfully raised $600,000 in a seed funding round directed by Peter Findley, as announced by the company today. The financier is a General Partner at Anchorless, a New York-headquartered VC centered on Bangladesh.
The agreement further involved participation from Pakistan-focused investor Kinnow VC, Kargo Technologies’ founder, and CEO Tiger Fang, and officials from Cue Health. In addition to the ownership investment, the company has further raised an undisclosed amount of money in financing.
The startup was established in 2020 by Sheryar Bawany, Waqas Khatri, Ali Haji, Mishal Adamjee, and Kasra Zunnaiyer, Trukkr assists businesses to transport their goods across Pakistan utilizing its network of transporters. The company’s marketplace features vetted transporters and truck drivers and matches in real-time, with clear and reasonable pricing for both parties.
Following its launch, Trukkr claims to have assisted 20,000 trucking movements for several businesses in Pakistan including leading huge enterprises such as the Artistic Milliners, Ittehad Chemicals, and Master Group. Furthermore, there are at least ten regional and provincial online trucking marketplaces running in Pakistan.
Speaking about how the startup is different from others, Trukkr’s co-founder Waqas Khatri said that their technology is world-class and is being employed by some of the biggest companies in Pakistan. Moreover, the companies are not only using their marketplace to transport their goods all over Pakistan but also their online software as well to control their complete logistics services.”
Peter Findley seems to agree with the bit about tech, “Trukkr’s technology is top in a category not just in Pakistan but also in global markets. Its management team has a great understanding of how to implement the freight solution. Their knowledge of graph theory allows them to understand routes in a manner that minimizes waste. This leads to an ability to improve the carbon footprint of the trucking industry and also their partners.”