TruKKer
Digital freight network founded in 2016 that matches shippers with carriers; it reports more than 75,000 verified trucks and arranged a facility of up to $300 million with ADCB in May 2026.
Industry: Digital freight and logistics | Location: Riyadh, KSA | Founded: 2016 | Total Funding: USD 534M
About TruKKer
TruKKer is a digital freight network founded in 2016 by Gaurav Biswas, who serves as founder and chief executive. The company runs a technology platform that matches shippers' cargo demand with available carrier capacity in logistics markets that remain highly fragmented. Biswas has described the model as an Uber for trucks in the region. According to Wamda and other outlets, the network spans the Middle East, Turkey and Central Asia, with trade receivables concentrated in the UAE, Saudi Arabia and Turkey. Sources differ on its headquarters: recent coverage calls it UAE-based, while some earlier reports describe it as Saudi-based. The company's early backing came in 2019, when Wamda reported a USD 23 million Series A with Saudi Technology Ventures (STV) leading the new investors. In February 2022 TruKKer announced a USD 96 million round combining equity and debt. Entrepreneur Middle East reported that ADQ and STV led the equity portion with participation from Mubadala, existing investors such as Riyad Taqnia Fund and Shorooq Partners also took part, and the debt component included a USD 50 million venture debt facility from Mars Growth Capital and Partners for Growth. In September 2022 Gulf News reported a further round of about USD 100 million led by Bahrain-based Investcorp, with Riyad Valley Capital, Egypt's Reliance Group and Iraq-based March Holding also investing and Mubadala making a follow-on investment. Data provider Preqin lists a USD 15 million venture debt raise from Ruya Partners in July 2025. In May 2026 TruKKer closed an inaugural trade receivables securitisation facility of up to USD 300 million. Abu Dhabi Commercial Bank (ADCB) was sole arranger and sole lender. The facility is backed by receivables portfolios in the UAE, Saudi Arabia and Turkey and is structured as non-recourse using a murabaha instrument, which allows one structure to work across the three legal and regulatory regimes. HSBC acted as facility security trustee and account bank, and White & Case LLP and Paul Hastings served as legal counsel. Press coverage described it as one of the first multi-jurisdictional, asset-backed securitisations for a technology start-up in the region. Biswas said the shift from traditional equity funding to structured, non-recourse financing required an institutional-grade technology and financial backbone. The company says the facility gives it working capital at benchmark pricing so it can finance growth without further equity dilution or recourse debt, and it plans to use the funds to expand the freight network, optimise carrier operations and continue building its regional platform.
Leadership
- Gaurav Biswas, Founder
- Pradeep Mallavarapu, Co-founder and Chief Technology Officer
- Amit Agarwal, Chief Financial Officer
- Muataz Alsafi, Chief Digital Officer