Karachi’s start-up Truck It In has announced raising $3 million in a pre-seed round that took the total amount to $4.5 million. The start-up has said that this money will be used in digitizing Pakistan’s logistics sector. Holding a press conference, the startup stated that this has been the biggest pre-seed round in the regional trucking sector adding that the funding will be utilized in the Truck It In’s countrywide expansion. This marks the company as the largest trucking platform in Pakistan.
The company’s co-founder, Mohammad Sarmad Farooq said, “We’re at the very early stages of transforming a critical industry and aim to help over three million businesses save $1bn annually in supply chain inefficiencies.”