Karachi based Truck It In, added $ 3 million to its pre-seed funding taking cumulative funding to $ 4.5 million. In a statement, the startup claimed to be the largest “pre-seed funding” of any trucking initiative in the world. The announcement came just five months after Truck It In raised $ 1.5 million in inital funding.
The deal was spearheaded by current investors Global Founders Capital and Fatima Gobi Ventures, with German Picus Capital and Pakistani Zayn Capital (which was also involved in the previous deal). The startup confirmed to MENAbytes that it raised $ 4.5 million in equity.
Truck It In brings shippers and truck drivers together through its online platform, making it easier for both parties to do business together. Shippers have access to a reliable fleet of trucks at competitive prices, such as real-time tracking and reporting / analytics, truck drivers get immediate shipments and guaranteed returns (return trips).
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