TruKKer raises $15 million debt from Ruya Partners
Founded in 2016, TruKKer operates across 9 countries and connects 60,000+ transporters with 1,200+ enterprise clients through a real-time, AI-enabled freight marketplace.
The funding will support regional expansion, tech enhancements, and further consolidation of its freight-tech leadership.
In 2022, TruKKer raised $100 million in a pre-IPO round, led by Bahraini investment firm Investcorp.
Press release:
Ruya Partners, a leading private credit investment firm in the GCC, is pleased to announce the closing of a $15 million (SAR 55 million) private credit investment in TruKKer Holding Limited, the largest digital freight and logistics platform across the Middle East, North Africa, and Central Asia. The transaction marks the sixth investment from Ruya Private Capital I, the firm's flagship private credit fund.
This financing will enable TruKKer to deepen its regional expansion, enhance technology capabilities, and further solidify its position as the region's primary freight-tech platform.
Backing a Regional Freight-Tech Champion
Founded in 2016, TruKKer operates a real-time, technology-enabled freight marketplace that connects over 60,000 transporters with more than 1,200 enterprise clients across 9 countries. Its platform streamlines and digitises road freight operations, offering intelligent dispatching, scheduling, and capacity optimisation at scale. TruKKer has developed proprietary tech solutions that enable thousands of truck owners and managers to connect with the region's leading manufacturers, traders, and contractors along with multiple stakeholders with complex documentation seamlessly through one network solution.
'TruKKer is a standout example of entrepreneurial innovation reshaping the logistics sector across our region,' said Rashid Siddiqi, Partner and Co-CIO at Ruya Partners. 'The company has pioneered the digital transformation of freight in a traditionally fragmented industry, driving greater efficiency, transparency, and connectivity across regional supply chains. Our investment reflects Ruya's commitment to backing high-quality businesses with long-term relevance, particularly those like TruKKer that align with national transformation priorities of Saudi Arabia and the UAE.
Partnering for Long-Term Growth
'We are pleased to welcome Ruya Partners as a long-term strategic investor,' said Gaurav Biswas, Founder and CEO of TruKKer. 'Their participation adds depth to our institutional investor base and reflects continued confidence in the strength of our business fundamentals and financial profile. As we expand our footprint and product offering, this investment enhances our capital structure and supports our broader mission to digitise and optimise freight and supply chain operations across multiple logistics verticals. We are on a mission to solve the complex & simple challenges of this megasector of logistics in the most rapidly transforming region of the world.
"TruKKer represents the type of high-impact, technology-driven business we seek to partner with, one that is transforming traditional industries and driving regional integration. As the sixth investment from our flagship fund and our fifth financing supporting Saudi growth, this commitment reaffirms our conviction in the Kingdom's freight-tech evolution. With this investment, Ruya Private Capital Fund I is now 90% invested, demonstrating strong deployment momentum into resilient, future-forward businesses that align with national transformation agendas." Added Omar AlYawer, Partner & Chief Capital Formation Officer at Ruya Partners.
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