Trukkin, a B2B logistics company, has received an undisclosed amount as funding from Saudi Arabia?s Batic Investment and Logistics Co for a pre-series round
The company, which was started last year, has shipped more than 5,000 heavy cargo truck movements across Gulf Cooperation Council (GCC) countries.
The company said it would invest in technology and operations to build its business in the Middle East.
?Support from marquee institutions like Batic is a testament to the fact that we are on the right track. The investment will allow us to further scale our operations and continue the growth of the company,? said Janardan Dalmia, CEO of Trukkin.
?Logistics is at the centre of Vision 2030 as a way to cement the region?s position at the crossroads of important international trade routes, between Asia, Europe and Africa and build a unique regional logistics hub. We have been closely monitoring the traction of the business for the past few months and are very excited about the potential opportunity Trukkin presents in this field. We have tremendous faith in the execution capabilities of its team and are very happy to join hands with them,? added Omar Al Mohammady, CEO of Batic.
