Egyptian trucking app Trella acquires rival company Trukto
STARTUP WATCH- Trella acquires rival Trukto: Egyptian digital trucking marketplace Trella has acquired its local rival Trukto, making it the largest company of its kind in Egypt, Trella told Menabytes, without disclosing the details of the transaction. The acquisition will help Trella increase its market share and accelerate its growth strategy in the MENA region. The company raised USD 600k in seed funding from Algebra Ventures earlier this year, and announced a few weeks ago that it would soon make its debut in the Saudi market.
Correction (7/12/12): A previous version of this article incorrectly stated that Trella raised USD 600 mn in seed funding.