TruKKer has acquired Pakistani startup TruckSher for an undisclosed amount.
TruKKer, the largest digital freight network in the Middle East and North African markets, has acquired TruckSher, Pakistan, as part of its expansion into the Pakistan land freight sector.
TruKKer currently operates a fleet of 35,000+ trucks across its primary markets of Saudi Arabia, UAE, Egypt, and other gulf economies. Since its foray into the enterprise land freight sector four years ago, TruKKer’s ground operations are spread across 17 locations in the Mena region and expanding aggressively.
TruckSher commenced operations in Pakistan earlier in 2021 raised Seed investment from Sarmayacar, and has grown healthily in the domestic Pakistan long haul sector. It has a presence in Karachi and Lahore with planned expansion across major industrial zones and ports in Pakistan. Over a short period, TruckSher has developed a strong client base in the commodities, FMCG and electronics sectors due to its focus on operational excellence and compliance.
TruKKer’s Chief Operating Officer, Anish Garg said: “We have been doing our feasibility and analysis of the Pakistan land freight sector for some time now and are very excited with the opportunity it offers to digitisation and adaptation of technology in this fragmented and traditional sector.” This is TruKKer’s first M&A towards geographic expansion. “A strong team focussed on growth, operational excellence and is passionate about the opportunity that technology offers to create long term efficiencies is key to success. We are glad to welcome the TruckSher team to TruKKer and further accelerate their trajectory to continue leading the land freight sector in Pakistan fueled by our advanced engineering products and processes,” added Anish.
Abid Butt, TruckSher’s Managing Director said: “We are very excited to work with TruKKer and look forward to accelerating our growth in Pakistan and learn from the success achieved in the Mena region”.
TruKKer is backed by some of the most prominent investors from the MENA region including Saudi Arabia’s STV and Riyad Taqnia Fund, IFC (the World Bank group), including the sovereign funds of Abu Dhabi amongst others.