KARACHI: Online trucking marketplace Truck It In has announced raising $1.5 million in a pre-seed round from global and local institutional and angel investors to digitise Pakistan’s road freight industry. A co-founder from the company told Profit that the pre-seed round was closed in March this year while the announcement was made in April when the funds were received by the startup. Furthermore, the company has claimed that the pre-seed round was the largest raised by a startup in the trucking space in the region. Truck It In is a tech startup focused on streamlining road freight for more than three million businesses in Pakistan, according to a statement from the company. According to the company, Truck It In aims to help businesses scale and run efficiently by connecting them directly to a highly fragmented trucker’s market.

Source: Pakistan Today April 13, 2021 14:39 UTC