Credit: WAYA Media
TruKKer secures a $300 million financing facility from ADCB to expand its AI-powered digital freight and logistics network across MENA.
The facility was arranged and funded by Abu Dhabi Commercial Bank (ADCB) through a structured non-recourse financing model backed by portfolios of trade receivables across multiple operating markets.
The company said the financing will be used to expand its digital freight network, optimize carrier operations, and strengthen its presence across regional markets.
Founded in 2016 by Gaurav Biswas, TruKKer operates a technology-enabled freight marketplace across the MENA region and Central Asia. Its platform uses AI-driven systems to match freight demand with carrier capacity across fragmented logistics markets.
The transaction was structured as a non-recourse securitization facility using a murabaha financing structure designed to align regulatory and legal frameworks across the United Arab Emirates, Saudi Arabia, and Turkey.
Gaurav Biswas, founder and chief executive of TruKKer, said the financing marks a significant milestone in the company’s efforts to scale digital freight infrastructure across the region. Global law firms White & Case LLP and Paul Hastings advised on the transaction, while HSBC acted as facility security trustee and account bank.
The deal reflects a broader shift in regional startup financing, as large technology companies increasingly access structured debt and institutional credit markets beyond traditional venture capital funding.
It also highlights growing institutional interest in logistics technology and supply chain infrastructure across Gulf markets, where governments and private operators continue investing in trade corridors, freight digitization, and cross-border commerce.
Why TruKKer Funding Matters to MENA
The financing secured by TruKKer highlights how large technology companies in the MENA region are increasingly accessing institutional credit markets beyond traditional venture capital.
The transaction also reflects growing investment in logistics digitization and supply chain infrastructure across Gulf economies, where freight efficiency and cross-border trade remain strategic priorities.
For regional startups, the deal signals that structured financing tied to operational cash flows and receivables could become a more viable growth funding option as the ecosystem matures.
