Latest news with #digitalfreight
Zawya
7 days ago
- Business
- Zawya
Saudi-based TruKKer secures $15mln from Ruya Partners
Saudi Arabia-headquartered TruKKer Holding has secured $15 million in private credit investment from SWF-backed Ruya Partners to fund its expansion across the region. The latest financing for the digital freight and logistics platform marks the sixth investment from Ruya Private Capital I. TruKKer operates a real-time, tech-driven freight marketplace that connects more than 60,000 transporters with at least 1,200 businesses across nine countries, including Saudi Arabia, UAE, Oman, Bahrain, Jordan, Turkey and Kazakhstan. The investment will boost the company's capital structure and support its goal to digitise and optimise freight and supply chain operations, according to Gaurav Biswas, Founder and CEO of TruKKer. "But this is more than capital. It's a bold endorsement of our vision - and a pivotal leap toward redefining freight for a faster, smarter and more connected region," TruKKer said on Monday. Ruya's investor base includes sovereign wealth funds, SWF-backed investment entities and public pension funds, among others. (Writing by Cleofe Maceda; editing by Seban Scaria)
Wamda
07-07-2025
- Business
- Wamda
TruKKer raises $15 million debt from Ruya Partners
Saudi Arabia-based digital freight network TruKKer has secured a $15 million private credit investment from Ruya Partners, through its flagship Ruya Private Capital I fund. 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.
Yahoo
27-05-2025
- Business
- Yahoo
China Airlines Launches Digital Booking on WebCargo by Freightos®, Digitalizing Key Global Trade Lanes
Integration brings instant digital pricing and booking to one of the world's largest cargo carriers on critical Asia-Europe-Americas routes, at a time when these routes are grappling with uncertainty SINGAPORE and BARCELONA, Spain, May 27, 2025 /PRNewswire/ -- Freightos (NASDAQ: CRGO), the leading digital freight booking and payment platform for the international freight industry, today announced that China Airlines (CAL, a top-15 air cargo carrier, will be launching on Freightos' WebCargo and 7LFreight platforms. Starting next week, thousands of freight forwarders will have instant access to China Airlines' rates, capacity, and eBookings across a network of 85 aircraft serving 192 destinations in 29 countries. Forwarders can now digitally search, quote and book shipments with China Airlines — directly through WebCargo's booking platform, with live integration to the leading rate management and quoting platform. Freight forwarders can even book directly from their transportation management systems (TMS) where these are integrated with WebCargo. "We're excited to bring China Airlines, a major player in Asia-Pacific air trade, to Freightos' leading air cargo booking platform, including both WebCargo and 7LFreight," said Zvi Schreiber, CEO of Freightos. "Our customers–airlines, freight forwarders and shippers–are currently grappling with fast-changing tariff uncertainties. The ability to instantly and transparently book air cargo is an important tool for maintaining agility during this time and to keep world trade flowing." The initial rollout will span major hubs across the United States, Canada, Germany, Luxembourg, the Netherlands, and Japan, along with 14 destinations throughout Mainland China, Hong Kong, Taiwan, and Southeast Asia including Malaysia, the Philippines, Vietnam, Singapore, Thailand, and Indonesia. In future phases, WebCargo Pay instant payment will be available for China Airlines bookings, enabling forwarders to manage bookings and payments in one streamlined workflow. This integration will include general cargo, express rates, ULD bookings and contract rates. "Digital transformation is a key pillar of China Airlines' strategy to better serve our forwarder partners through real-time access to our capacity and rates," said Eddy Liu, Senior Vice President, China Airlines. "By joining Freightos' digital platform, we're meeting our customers where they are, as part of our commitment to simplify air cargo and exceed customer expectations in a digital-first world." Forwarders using WebCargo can access China Airlines' offerings here or learn more about rate management, quoting and digital sales solutions here. About Freightos Freightos® (NASDAQ: CRGO) is the leading vendor-neutral global freight booking platform. Airlines, ocean carriers, thousands of freight forwarders, and well over ten thousand importers and exporters connect on Freightos, making world trade faster, more efficient and more resilient. The Freightos platform digitizes the trillion dollar international freight industry, supported by a suite of software solutions that span pricing, quoting, booking, shipment management, and payments for global businesses of all shapes and sizes. Products include Freightos Enterprise for multinational importers and exporters, Freightos Marketplace for small importers, WebCargo and 7LFreight by WebCargo for forwarders, WebCargo for Airlines, and Clearit, a digital customs brokerage. Freightos is also a leading provider of real-time industry data via Freightos Terminal, which includes the world's leading spot pricing indexes, Freightos Air Index (FAX) for air cargo and Freightos Baltic Index (FBX) for container shipping. More information is available at Photo: Media Contact Tali Aronsky PR Lead, Investor Contact Anat Earon-Heilbornir@ View original content to download multimedia: SOURCE Freightos Error while retrieving data Sign in to access your portfolio Error while retrieving data
