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UAE logistics startup TruKKer scripting global plans with planned forays into CIS, East European countries

by James MathewTue 13 Sep 2022Wed 14 Sep 2022

The UAE-born, Saudi-headquartered startup – a probable candidate for becoming the next unicorn from the UAE – is also learnt to be seriously considering an acquisition to accelerate its growth plans and an announcement could be expected soon

business funding

TruKKer raises $100 million ahead of IPO plans, backed by Investcorp, Mubadala

by Staff WriterWed 7 Sep 2022Wed 7 Sep 2022

The funds were raised from investors including Bahrain-based asset manager Investcorp and Abu Dhabi wealth fund Mubadala Investment Co

business banking

RAKBANK enables SMEs to apply for business loans, financing options on UAE’s first digital onboarding platform

by Anup OommenMon 4 Apr 2022Mon 4 Apr 2022

SME customers can apply for business accounts and business finance products through the RAKBANK Quick Apply portal in just a few minutes, and get instant in-principal approval followed by the funds disbursal in just a few days

Covid-19 pandemic

How digital payments and cross-border business are key enablers for freelancers and SMBs

by Anup OommenThu 31 Mar 2022Thu 31 Mar 2022

More than eight in 10 businesses are likely to increase their online presence in the future, and nearly half of them are looking to have their own e-commerce website or app

ADQ

Abu Dhabi’s ADQ and Mubadala join Trukker’s equity and debt round

by BloombergMon 14 Feb 2022Mon 14 Feb 2022

Abu Dhabi-headquartered Trukker raised $96m in fresh financing from investors with ADQ and Saudi Technology Ventures leading the equity funding round

digital economy

MENA digital sector workers seek new jobs after sidestepping virus impact

by Staff writerWed 12 Jan 2022Wed 12 Jan 2022

More than 60 percent of MENA-based employees working in digital fields are actively job hunting, according to new survey

digital freight solutions

Abu Dhabi-headquartered Trukker set on regional expansion

by Staff Writer Sat 13 Nov 2021Sun 14 Nov 2021

After recently venturing into Oman, Jordan, Bahrain and Turkey, the digital land-freight network has its eyes on two more countries before year-end

How e-commerce giant Noon has adapted to drive sales during pandemic

digital marketplace

Alabbar reveals $2bn investment plans for e-commerce platform Noon

by Gavin GibbonMon 4 Oct 2021Mon 1 Nov 2021

Company founder said there were no immediate plans to list the digital marketplace

The start-up allows users to buy new and used automotive spare parts through its platforms.

Automotive Aftersales

Saudi start-up spearheading digitisation of automotive industry

by ITPThu 9 Sep 2021Wed 6 Oct 2021

Speero is on a mission to digitise the automotive value chain and revolutionise how consumers maintain and upgrade their cars

Trukker currently operates a fleet of over 35,000 trucks across its primary markets of Saudi Arabia, UAE, Egypt, and other gulf economies.

acquisitions

UAE-based Trukker strikes deal to acquire Pakistan’s Trucksher

by ITPWed 8 Sep 2021Wed 6 Oct 2021

Acquisition deal is a first for the Saudi and UAE-backed start-up venture for geographic expansion

Automotive Aftersales

Riyadh-based start-up Speero closes in on nearly $2 million funding round

by ITPTue 13 Jul 2021Wed 6 Oct 2021

Speero is an online-based business for automotive after-sales solutions that allows providers to digitalise transactions and provides online access for customers

Trukker recently signed a $10m deal with Silicon Valley-based Partners for Growth to provide venture debt to finance its receivables.

digital freight solutions

UAE’s ‘Uber for trucks’ eyes expansion as it seeks further funding

by ITPWed 23 Dec 2020Wed 6 Oct 2021

Start-up Trukker is looking at more countries in the Gulf as well as Pakistan and Jordan for growth in 2021

digital freight solutions

UAE-based ‘Uber for trucks’ to seek new funding, weighs IPO

by BloombergThu 17 Dec 2020Wed 6 Oct 2021

Trukker raised $23 million last year in one of the largest Series A funding rounds in the region

digital marketplace

Inside Hod.Co’s revolutionary PropTech real estate marketplace

by ITPWed 19 Jun 2019Wed 6 Oct 2021

Brand view: HOD.CO is the first dedicated PropTech real estate marketplace in the region that directly connects property owners with buyers and tenants. At its core, it’s a cost-saving platform that combines innovative technology and expertise to bring value to its users

digital marketplace

Gallery: Top 10 most viewed pre-owned cars in the UAE

by ITPWed 27 Mar 2019Tue 19 Oct 2021

Dubizzle Motors, the UAE’s largest used car marketplace reveals Japanese sedans such as the Toyota Camry, Toyota Corolla, Honda Accord, and Nissan Altima were amongst the top 10 most popular models last year.