Kenyan logistics startup Leta has raised USD 3mn to further its pan-African strategy and launch its transport market place and fintech-powered products. The pre-seed round was backed by angel investors and institutional investors 4Di Capital, Chandaria Capital, Chui Ventures, PANI, Samurai Incubate and Verdant Frontiers Fintech.
We are proud to be building the backend of supply chain and logistics in Africa, saving our customers 20-30% on their logistics costs. Much like the US and Europe, the supply chain and logistics industry in Africa is highly fragmented and lacks efficiency. However, in Africa, the supply chain & logistics costs are typically 60-70% higher, which is then passed to the end consumer.
Nick Joshi
The supply chain and logistics startup uses artificial intelligence to lower the cost of moving goods for businesses to their end consumers. Established last year by Nick Joshi, who is also the company’s CEO, it has over twenty customers across the FMCG, Food & Beverage, agriculture, apparel, pharmaceutical and NGO industries and includes Twiga, Good Life, Chandaria Industries and Simbisa Brands. So far it has optimised over 500,000 deliveries and has facilitated the delivery over 20,000 tonnes.