Pakistan-based trucking platform TruckSher secures funding
TruckSher, a Pakistani digital land freight network has secured an undisclosed investment from Sarmayacar, a local venture capital firm.
Launched in February earlier this year, the trucking marketplace connects shippers with truck owners and drivers to help them book their loads for transportation in Pakistan and Afghanistan. It is one of the many platforms that have launched with the aim to bring order to the chaotic trucking industry of Pakistan. Despite being a young startup, the platform already fulfils over $200,000 worth of transactions on a monthly basis.
Currently the scope of its operations extend to the trading and industrial hubs of Karachi and Lahore, with plans to expand across the country rapidly. TruckSher has invested heavily into an advanced technology platform that integrates with a digital customer interface for shippers i.e manufacturers or traders along with an app interface for thousands of truck owners and drivers in Pakistan.
Rabeel Warraich, Managing Partner at Sarmayacar commented "We are very excited about the TruckSher team and the business model. It is a very large sector and there is a lot of successful precedence across the world where digital freight networks have created efficiencies, higher jobs and better service levels."
Abid Butt, TruckSher's Managing Director added "We feel rapid scale and successful technology adaptation are key to ensure we are able to add value to our clients and member drivers. TruckSher will scale rapidly with offices across the land freight network, ports, industrial zones, and agricultural belts of Pakistan."
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