Seed

Series A

Pre-Seed

Others

Riyadh

Ghassan Aloshban

If you're ready to take your business to the next level with Emkan Capital, we want to hear your pitch.

Investment in Startup

Find insights on Emkan Capital: funding focus, market trends, and portfolio growth. Explore Lucidity Insights.

Emkan Capital

Transportation

Finance

Logistics & Storage

Fintech

Emkan General Partnership comprises experienced investment professionals from top-tier venture capital firms with a track record of building successful businesses and funds.

Noon Academy

Education

EdTech

E-Learning

Social learning platform making learning a more joyful, collaborative, and innovative experience.

Abu Dhabi

Hubpay

Financial Services

Hubpay is an independently regulated provider of cross-border money services designed to increase financial inclusion in emerging markets. It utilizes data science to create accessible, practical, and affordable everyday financial solutions delivered responsibly to everyone, regardless of income level.

Dubai

Trukkin

Mobility

Technology

Logistic & Storage

Trukkin is leading techno-logistics platform providing world-class cloud-based intelligent operations and services that unite shippers, transporters, brokers and drivers through one seamless, integrated interface.

FENIX

Fenix is a UAE-based free floating micromobility operator anchored in the GCC region.

InvestSky

Social Network

Trading Platform

Stock Exchange

InvestSky is a social investing app that enables people to connect with fellow investors, exchange investing ideas, and trade over 5000+ US stocks and ETFs, all with zero commission fees for as little as $1. It also provides its users advanced tools to gain insights, understand the 'whys' behind the market moves, and make better investingdecisions. InvestSky aims to make investing simpler with more insights and fun for a new generation of investors in the GCC.
InvestSky is regulated by the Dubai Financial Services Authority (DFSA).

The company was founded in 2021 by Nitish Mittal and Turki Alshaikh and is headquartered in Dubai, UAE.

Kuwait

Mojo

Beauty

Social Commerce

The logistics and supply chain startup Trukkin has secured an investment of 26 Million SAR for it’s Series A round. The round was led by Saudi based Emkan Capital with participation from Impact46 Seed Fund, Taya Group and other strategic investors.

Founded in 2017 by former Barclays banker Janardan Dalmia, Trukkin is a leading aggregator that digitizes the process of matching shippers with truckers to bring about transparency, reliability and efficiency to the logistics industry. Trukkin also works towards building fintech solutions for payments, insurance, and financial services. These solutions lay the groundwork for more financial inclusion for the unbanked and increase much needed transparency and efficiency for suppliers.

“I’m very proud of the team and the growth we’ve achieved over the course of the last year as we expanded into Pakistan and grew revenues despite the difficult environment presented by COVID. We are excited to close the round with strategic investors like Emkan Capital and Impact46, it confirms our vision of creating a world-class regional aggregation platform to enable logistics for the shippers and transporters.” Commented Janardan Dalmia, Founder and CEO of Trukkin.

Since their highly successful launch in Pakistan, Trukkin has continued to invest in technology and expand its services to newer markets while deepening their presence further in Saudi Arabia and the United Arab Emirates.

Ghassan Aloshban, GP at Emkan Capital, said: “Trukkin has exhibited incredibly efficient use of capital and we’re very impressed with what they’ve been able to achieve in such a short time frame. It’s core team with over 200+ years of combined industry experience have showcased their expertise in not only navigating but driving growth during the pandemic. We look forward to supporting Trukkin, in serving hundreds of corporate clients and individual shippers as they aggressively look for expansion and growth in reach, capability and business volume”.

“Looking into Saudia Arabia’s geographic location, it demonstrates a large local and regional traffic of logistics movement reflecting the fragmented sector that still operates in a traditional way and lacking the innovative/ digital solution. Trukkin platform is in the right position to regulate the industry and simplify the supply chain with its digital services. Trukkin plays a vital role in enabling a group of independent truck drivers to increase their efficiency at a lower cost to clients.” Added Abdulrahman Al-Modaimeegh Managing partner from Impact46.

“We see enormous growth potential in the logistics industry in the MENAP (Middle East and Pakistan) region, the size of the market is considerable at over US$50 billion. Currently, local fragmented players dominate the market in the region, and we are working to be an enabler that brings this fragmented market together on an integrated, world-class platform to showcase collective growth”. Janardan Dalmia commented on the platform’s future plans.

Trukkin has grown 3x since the onset of the pandemic and scaled into Pakistan midyear in 2020 becoming the first mover and the leading logistics platform in Pakistan while growing its business in the UAE and KSA and serving 12 countries in the broader Middle Eastern region.

Emkan Capital

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Emkan Capital

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

Statistics

Sectors we invest in

Top 3 sectors we invest in

Portfolio Companies or Investments

Executive Team Members

About

Legal

Social Media

Portfolio Companies
or Investments