Back to the complete issue
Thursday, 21 November 2019

Egyptian trucking app Trella will make its Saudi debut any day now

STARTUP WATCH- Trucking app Trella will make its Saudi debut any day now: Trella, the venture-backed Egyptian trucking marketplace that connects shippers to carriers, is set to make its debut in Saudi Arabia within the next few days, founding partner Omar Hagrass tells the local press. The trucking app expects to cover all freight-related services in the kingdom before the year is out, Hagrass says.

New investment round coming soon: Trella is expected to receive a fresh funding round from a group of investors, Hagrass said, without disclosing the anticipated amount of funding or who the investors are. The company will use the proceeds to add more services to its roster, fuel its geographical expansion, and hire more truck drivers. Trella had raised more than USD 600k in pre-seed funding from our friends at Algebra Ventures earlier this year.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.