Egypt’s trucking technology platform and marketplace connecting truck owners with cargo companies, Naqla raised $10.5 million in a Pre-Series A round led by key investors including El Sewedy Capital Holding (SCH), Hassan Allam Holding (HAH), and the Sallam family.
Since it launched operations in 2017, Naqla expanded into 35 new zones, overseeing the movement and delivery of over 4.6 million tonnes of cargo. The start-up currently works with 400 shippers and 10,500 drivers across Egypt.
Vertical expansion
“We are now perfectly positioned to grow our digital logistics offering and market presence, bringing a much-needed technology infrastructure to the badly served Egyptian logistics and trucking industry, at a critical time in the country’s economic growth,” co-founder and CEO, Sherif Taher said, thanking investors for their role in “Naqla’s journey.”
Taher further highlighted that this investment will enable the rapid acceleration of Naqla’s business and its “planned vertical expansion into new segments.”
Transforming the region’s infrastructure
On his part, Farouk Kadous, El Sewedy Capital board member said: “We are thrilled to join Naqla on their journey towards a destination of completely changing the infrastructure of logistics in the region,” stressing that SCH has “tremendous expertise in the infrastructure space, and this investment will increase the synergies between our different portfolio companies.”
Enhanced efficiency
The company aims to offer clients an affordable, efficient, and transparent alternative, by utilising app-based technology to connect independent carriers with cargo companies and generate the best rate and most efficient paths for both parties.
