Naqla connects shippers and truckers with its tech platform, disrupting the $13 billion trucking and logistics industry
Egyptian logistics platform Naqla raises $10.5 million
Naqla, Egypt's trucking technology platform and marketplace connecting truck owners with cargo companies, has raised $10.5 million in a Pre-Series A round. The round was led by major investors El Sewedy Capital Holding (SCH), Hassan Allam Holding (HAH), and the Sallam Family. Naqla's business model addresses the historically underserved road freight sector in Egypt, which has grown in importance since the start of Covid-related supply-side constraints, according to an official statement. "Businesses are continuously looking for further efficiencies in inland transport from Egypt's major entry and exit ports to maintain the flows of goods within their supply chains."
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