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Wednesday, 13 November 2019

UAE-based trucking network Trukker plans to enter Egypt before end of 2019

STARTUP WATCH- UAE-based trucking network Trukker is to expand into the Egyptian market before the year is out, CEO Gaurav Biswas tells Bloomberg. Biswas was tight-lipped on additional details, including expected investments and the exact timeline for the company’s expansion to Egypt. Trukker has just raised a USD 23 mn series A funding round led by Saudi technology VC fund STV, marking the fourth-largest series A round in the Middle East. The company will enter a field in Egypt that is presently dominated by Maadi-based startup Trella, which is backed by our friends at Algebra.

Corrected on 13 November

An earlier version of this story incorrectly said that Trukker raised a USD 2.7 mn series A funding round. The correct figure is USD 23 mn. 

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