Latest news with #freighttech
Zawya
03-07-2025
- Business
- Zawya
Ruya Partners provides $15mln private credit financing to TruKKer to accelerate regional growth
Abu Dhabi, United Arab Emirates – Ruya Partners, a leading private credit investment firm in the GCC, is pleased to announce the closing of a USD 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 digitizes road freight operations, offering intelligent dispatching, scheduling, and capacity optimization 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 digitize and optimize freight and supply chain operations across multiple logistics verticals. We are on a mission to solve the complex & simple challenges of this mega sector 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. About Ruya Partners Ruya Partners is a leading private credit investment firm based in Abu Dhabi Global Market, providing bespoke financing solutions to private sector companies across developing markets. The firm is partner-owned and specializes in flexible capital for growth, expansion, capital expenditure, balance sheet optimization, and shareholder rationalization. Ruya Partners is regulated by the Financial Services Regulatory Authority, and its investor base includes sovereign wealth funds, SWF-backed investment entities, public pension funds, and other top-tier institutional investors. Ruya is committed to supporting economic transformation across the GCC, with particular emphasis on Saudi Arabia's Vision 2030 and the UAE's We the UAE 2031 agenda. For more information, contact Ruya Partners Omar AlYawer Partner & Chief Capital Formation Officer omar@ About TruKKer Holding Limited TruKKer is MENA and Central Asia's largest digital freight network, operating across 9 countries including Saudi Arabia, the UAE, Oman, Bahrain, Jordan, Turkey and Kazakhstan. The company connects over 60,000 transporters with more than 1,200 enterprise clients across sectors such as FMCG, petrochemicals, metals, high volume commodities, construction, and retail. Its proprietary platform enables real-time freight booking, price discovery, optimization and match making of a large & fragmented capacity, strong KYC of all stakeholders, transaction monitoring, digital contract management & payments, multiparty integrations, significantly improving efficiency and sustainability in the logistics sector. TruKKer is rapidly introducing AI agents at multiple process flows within the logitech and ancillary fintech applications. TruKKer investor base includes GCC regions leading institutions including Investcorp, Mubadala Investment Company, ADQ and STV among others. For more information, contact TruKKer Amit Agarwal Group CFO
Yahoo
24-06-2025
- Business
- Yahoo
Chain and McLeod Software Launch Certified Integration to Bring AI-Powered Freight Visibility and Exception Management to TMS Workflows
SAN FRANCISCO and BIRMINGHAM, Ala., June 24, 2025 /PRNewswire/ -- Chain ( the fast-growing freight tech startup delivering AI-powered freight broker software, today announced a certified integration with McLeod Software, the industry leader in Transportation Management Systems (TMS) for freight brokers, carriers, and 3PLs. The new integration gives brokers real-time freight visibility, check call automation, and centralized communication, natively within McLeod's LoadMaster and PowerBroker. Through McLeod's Certified Integration Partner program, Chain has completed the rigorous process required to ensure a seamless and secure connection between the two platforms. "This partnership gives brokers access to modern AI-powered tools, right where they already work," said Annalise Sandhu, CEO and cofounder of Chain. "With automation, visibility, and carrier engagement built in, brokers can move faster, reduce manual work, and improve service across the board." Built specifically for brokers and 3PLs, Chain integrates directly with McLeod to streamline every step of the load lifecycle. Teams can track shipments in real time, automate exception alerts, and send milestone-triggered updates via email and SMS, all from one interface. On average, brokers using Chain reduce manual check calls by more than 85% within the first 30 days. The integration supports: Freight visibility with geofenced updates and proactive exception detection Exception management so your team can easily spot issues, and take action Check call automation using Chain's Autopilot AI, tied to load milestones Centralized carrier communication across email, SMS, and in-platform chat, fully synced with McLeod AI-powered carrier bidding and digital freight matching, surfacing recommended carriers based on history and performance Operational automation, syncing shipment notes and status updates back into McLeod for compliance and recordkeeping "What Chain has developed eliminates a number of our biggest operational headaches," said Brandon Bay, Executive Vice President at Logistics Group International. "We've stopped wasting time chasing manual carrier updates, switching between contacts, and re-entering data into the TMS. Chain's centralized communication hub, combined with their AI Autopilot that handles outreach and exception monitoring, is saving our team an average of 2+ hours per employee, per day." "We're excited to welcome Chain into our Certified Integration Partner program," said Ahmed Ebrahim, Senior Vice President, Integrations and Partnerships at McLeod Software. "Our goal is to help customers build the freight tech stack that works for them. Chain brings AI-based automation and real-time communication into workflows in a way that's seamless and valuable." For more information about Chain, visit To learn more about McLeod Software and its partner program, visit About Chain Chain is a freight broker automation platform built for logistics teams that want to work faster and smarter. The platform delivers AI-powered freight visibility, automated check calls, and digital freight matching, all integrated into brokers' existing TMS and communication tools. Independently owned and built by former trucking company operators, Chain helps brokers eliminate manual work and streamline operations across the load lifecycle. Learn more at About McLeod Software McLeod Software® is the leader when it comes to software for trucking dispatch operations management, freight brokerage management, fleet management, document imaging, workflow, EDI, and business process automation solutions for trucking, freight brokerage, third party logistics, and shipper companies in the United States and Canada. Visit us at View original content to download multimedia: SOURCE Chain 登入存取你的投資組合
