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Pakistan and Emerging Markets: The Show Must Go On

Pakistan and Emerging Markets: The Show Must Go On
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Saudi-based TruKKer plans global expansion

RIYADH: TruKKer, a Saudi-based startup offering logistics in the land freight sector, plans to strengthen its operation in the region while expanding into new geographies after raising a Series B fund worth $96 million recently. “Our immediate goal is to drive growth in current markets as well as expand into Commonwealth of Independent States and Europe countries,” TruKKer ....

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Mena startups raised $267 million in June 2021, pushing Q2 investment to $552 million


Mena startups raised $267 million in June 2021, pushing Q2 investment to $552 million
Startups in Mena have raised $267 million across 44 deals in June, propelling the second quarter investments to more than $552 million, a 33 per cent increase compared to the first quarter of 2021.
Perhaps one of the most exciting investment deals in June was that of Egypt-based Trella, which attracted $42 million in a debt and equity round led by global shipping giant Maersk. Overall, eight Egyptian startups raised $52 million, ranking the country second in terms of number and value of deals.
Large rounds in the e-commerce sector including those from Floward ($27.5 million) and OpenSooq ($24 million) pushed total investments in the sector to $110.9 million across nine deals, while nine fintech startups raised $71.5 million. The logistics sector raised the third highest amount with $49 million thanks to Trella’s round.   ....

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