Nigerian logistics startup Kobo360 raises $1.2M to expand in various countries, including Togo

Economic governance
Wednesday, 04 July 2018 15:39
Nigerian logistics startup Kobo360 raises $1.2M to expand in various countries, including Togo

(Togo First) - Nigerian logistics startup, Kobo360, plans to begin operating in Togo, Ghana, Côte d’Ivoire and Senegal by the end of 2019. To this end, it recently raised $1.2 million.

Part of this sum will be used to pay its drivers and buy more trucks which it will rent to firms that wish to transport goods (via an online platform that works like Uber). So far, the startup has more than 5,000 trucks it uses.

“By the end of this year, we intend to add 20,000 trucks to our platform. In the years to come, we will expand to four other African nations,” said Obi Ozor, Co-founder and CEO of Kobo360. “First, we will be in Ghana this year and next year we will go to the other countries,” he added.

Founded in 2016 by Ife Oyodeli Obi Ozor, Kobo 360 already serves 324 firms. By next August, Hausa and Pidgin versions of its platform should be available.

Fiacre E. Kakpo

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