Ghanaian based tech startup, Truckrtech, which is an online marketplace for listing and booking third-party trucks, has won N1 million equity-free funding at the just ended Pitch2Win 2019 edition.
They came out first out of the 10 startups that were selected for the final which held on Wednesday, June 12, 2019, in Lagos, Nigeria.
Truckrtech was founded in 2018 by Caryl Joshua Akonor, the platform gives real-time visibility, cargo-in-transit insurance and proper communication channels to shippers and drivers.
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The call for application made early in May 2019 got over 200 entries across Africa. This was followed by intense screening session then selection of 10 finalists, all culminating in the grand finale where selected startups will have to battle for N1 million equity-free funding.
According to the judges say they were impressed with Truckrtech’s potential to scale and multiply their trucks and services beyond Ghana.
In his remarks concerning their startups, the co-founder, Caryl Joshua Akonor stated that, they started their pilot between January and April, and started full operations in May 2019. Between May and June, they had done $12,000 in revenue. He continued to state that, they can look to 15% month on month revenue increase with this funding from Pitch2Win.
The panel of judges in the final included Dr Ola Brown (FlyingDoctors & Greentree Capital Investments), Dr Femi Kuti (Reliance HMO), Yuzuru Honda (Freakout Holdings), Babara Iyayi, (Lateral Capital/Element Inc) and Hiro Mashita (M&S partners).
The runners-up were Asusu, a SaaS startup digitising the financial activities of low income and daily earners, and Prodigy, a school management software based in Nigeria. This feat from Trukrtech is a testament of Ghana’s progress in the continental and global startup scene as some startup companies from Ghana are raising funds and securing global partnerships.