Trukkin has secured 26 million SAR in Series A funding led by Emkan Capital, aimed at digitizing logistics and expanding its market presence in the MENAP region.

Target Information

Trukkin, a logistics and supply chain startup founded in 2017 by Janardan Dalmia, a former Barclays banker, has successfully raised 26 million SAR in its Series A funding round. The funding was led by Emkan Capital, a Saudi-based investment firm, with contributions from Impact46 Seed Fund, Taya Group, and other strategic investors. Trukkin specializes in digitizing the logistics industry by matching shippers with truckers, thereby enhancing transparency, reliability, and efficiency within the sector. The company is also focused on creating fintech solutions encompassing payments, insurance, and financial services, thereby advocating for greater financial inclusion for the unbanked population and increasing operational efficiency for suppliers.

Industry Overview in Saudi Arabia

The logistics sector in Saudi Arabia is characterized by its strategic geographic location, which facilitates significant local and regional logistics movements. However, this sector remains largely fragmented and operates in a traditionally outdated manner, often lacking innovative digital solutions. Trukkin’s platform is positioned to address these challenges by providing digital services that streamline the supply chain and introduce essential regulations to the industry.

With the logistics market in the MENAP region (Middle East and Pakistan) valued at over US$50 billion, the potential for growth in this industry is substantial. The existing local players are primarily fragmented, creating an oppo