According to the spokesperson of the company,
A Local Startup ‘Truck It In’ Raises Another $3M in Pre-Seed Round
Yesterday, the platform announced that it has raised another $3 million in an extended pre-seed round, taking the total tally to $4.5m. Primarily, the funds will be utilized to digitize Pakistan’s logistics sector. According to a press release, it was the “largest pre-seed round in the regional trucking sector”. The funding will be utilized to expand the services of Truck It In countrywide and make it the largest ever trucking platform in Pakistan. The company’s co-founder and chief executive officer (CEO), Mohammad Sarmad Farooq, said: Furthermore, he said that the Truck it In long-term ambition was to “streamline and digitize the country’s logistics sector to create a ripple effect on the economy”. According to a report, the extended round was mainly led by Global Founders Capital, a renowned global seed and growth investor, along with Fatima Gobi Ventures, one of the most active multi-national venture capital firms in Asia. Moreover, Picus Capital, an early-stage technology investment company, and Zayn Capital also joined the round this time. In another press release, the platform said, Check out? Xiaomi Launches a New Variant of Redmi 9C in Pakistan
