BridgeLinx, a digital freight marketplace based in Lahore, revealed today that it has secured $10 million in the country’s largest seed round. Harry Stebbings’ 20 VC, Josh Buckley’s Buckley Ventures, and Indus Valley Capital led the deal, which is also one of the region’s largest seed rounds.
BridgeLinx is an online marketplace that connects businesses with carriers (truckers, owner-operators, transporters, and private fleets) to assist them transfer freight. It was founded in late 2020 by Muhammad Saad, Ahsan Tanveer, Abbas Hassan, and Salman Gul.
In Pakistan’s trucking industry, there are a number of well-funded international and local startups. BridgeLinx stated in a statement that with this seed round, it has become the best-capitalized freight marketplace in the country.
Some regional players that have entered Pakistan in the last eighteen months have raised more money, but they’re putting it to work in a variety of areas.
The money will be used to “consolidate its position as a market leader by broadening its product stack and growing across more verticals, segments, and lanes,” according to BridgeLinx.
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