Fall 2020 has been the highest grossing E-logistics is a growing industry in Africa. Three startup lessons from Kobo360's $30mn fundraise | by ... Kobo360 already operates in Nigeria, Togo, Ghana, Kenya and Uganda. Nigerian Logistics Startup Kobo360 Raises $30M Backed by ... Kobo360 has a mind toward international expansion but expects to remain focused on Nigeria and Africa for now. 7 Africa-Focused Startups That Pitched At Y Combinator's ... For African tech. The only way the business would outlast the pandemic, he realized, was if Kobo360's operations went 100 percent digital. He thinks the startup's asset free, digital platform and business model can outpace traditional long-haul 3PL providers in Nigeria by handling more volume at cheaper prices. Kobo360 has a mind toward international expansion but expects to remain focused on Nigeria and Africa for now. This important issue regarding banks' business model has received less attention, and research in Iran and other countries has caused a deprivation of knowledge. Bruce Nsereko-Lule is the Principal at Chandaria Capital, a family-based venture capital fund that supports early-stage startups. Nigerian Logistics Startup Kobo360 Raises $1.2 Million ... Since 2017, they have invested in over 15 companies that operate . Kobo360's aim is to build a global logistics operating system by upgrading its platform and expand operations to other African countries. Ozor thinks the startup's asset-free, digital platform and business model can outpace traditional long-haul 3PL providers in Nigeria by handling . Goldman Sachs led the round, which also included $10 million in working capital investment from commercial banks in Nigeria. There are success stories, like Safaricom, Flutterwave, and Kobo360. "It's also a business model that's replicable across multiple geographies on the continent," he told TechCrunch on a call. Three startup lessons from Kobo360's $30mn fundraise | by ... Provide input into project and resource plans and support business case production. Download & install the "KoboTransporter" from the Google Playstore or Apple App store. Mobile money transaction volumes rose by 65%, and there were 1.2 billion registered accounts (double the forecasts) by the end of 2020. Nigeria's Kobo360, a Logistics Startup, Raises $1.2 ... All we need to do is do simple things: by having a simple order, Kobo360, a pioneering logistics company I wrote many months ago, plans to reduce 40% of the traffic wahala in Apapa. Nigerian logistics company Kobo360 has raised a 20 million dollar Series A round led by Goldman Sachs and 10 million dollars in working capital financing from Nigerian commercial banks. Assists other software engineers, analysts, and designers in conceptualizing and developing new software programs and applications. It helps to simplify the process of sending and receiving goods and as well as safeguard them by building formidable networks. Kobo360's existing investors IFC, TLCom Capital and Y Combinator joined the round. Kobo360 — run by Oyedele and business partner Ozi Ozor, whom he met while at UM-Dearborn — is an Uber-like app connecting Nigerian truckers to companies with freight needs. Kobo360 is not inventing anything - it is simply using what exists to fix market frictions. The logistics startup built on the aggregation construct will use the capital to expand its business and introduce a new product - Kobo Wealth Investment Network (KoboWIN). Obi Ozor is Founder of Kobo360, a privately owned, pan-African technology company disrupting the African third-party logistics industry. Kobo360 | Africa's Leading Supply Chain Technology Platform Business Intelligence Analyst | Business | Kobo360 Its modus operandi doesn't come off as surprising though considering that one of its co-founders was once a director of a ride-hailing platform. The fund expects to invest in around 20 fast-growing, tech-enabled start-ups across sectors such fintech, mobility, agriculture, healthcare, education and ecommerce, with . Toyota Tsusho Corporation, a trade and investment arm of Japanese automotive company Toyota, also joined the round. Truck owners were also hesitant to take on trips offered by the then-unknown Kobo360. According to Paul Graham's 'How to Apply to Y Combinator' essay, the biggest thing applicants miss during the application process is the art of . In addition to the scientific pathology of the business model in Iranian commercial banks, the present article seeks to determine the weights of importance and prioritization of the . Techpoint DC Summit recap, Uber vs Kobo360, Mobile Money ... Nigerian logistics startup Kobo360 has raised a $20 million Series A round led by Goldman Sachs and an additional $10 million in working capital financing from a consortium of Nigerian commercial banks.. Kobo36o will use the funds to upgrade its platform and expand to 10 new countries beyond current operating markets of Nigeria, Togo, Ghana and Kenya. Nigerian freight logistics startup Kobo360 has raised a $20 million Series A round led by Goldman Sachs and $10 million in working capital financing from Nigerian commercial banks. REALITY NO. Why Extremely high logistics costs Logistics account for up to 75% of a product's total costs in Africa. . In this case, the assistance we provided may seem simple, but it is a considerable assistance to growing Sokowatch's business model. A large underserved market that suffers from fundamental inefficiencies is what the Kobo360 business model is designed to overcome. While Ife is a detail-oriented individual running the technical operations, Obi brings into play what is needed to execute the business side properly with his shrewd common sense. Kobo360, the digital technology platform disrupting and leading African third-party logistics, recently announced the completion of a $20M Series A equity round led by Goldman Sachs as well as the. By Digest Africa's latest ranking, Kobo360's $20 million Series A is the 5th largest investment in an African startup this year, after Egyptian ride-hail company . 4. Africa's logistics startup space has gained another multi-million-dollar round with global backing. E-logistics startups are key in . Fixing Nigeria's challenges will not involve bringing people from the moon [they do not exist]. Kobo360 is on a mission to build a Global logistics operating system (GLoS) that powers supply chain for enterprises across Africa. The following are the excerpts. The logistics startup built on the aggregation construct will use the capital to expand its business and introduce a new product - Kobo Wealth Investment Network (KoboWIN). Kobo360 is a digital logistics platform that aggregates end-to-end haulage operations to help cargo and truck owners achieve efficiency by leveraging data and technology. Kobo360 fits right into that model. There are three ways to get into YC. The following are the excerpts. The company — with an Uber-like app that connects. The co-founders realised they had a value proposition if they could address these issues. Kobo360 was named one of the Top 100 SMEs in Africa in 2018 by Business Day and Disruptor of the Year at the Africa CEO Forum on 2019. Assists other software engineers, analysts, and designers in conceptualizing and developing new software programs and applications. Kobo360 will also build more physical presence throughout Nigeria to service its business. Here are the seven Africa-focused startups that pitched at Y Combinator's recent Demo Day. . Its submitted by doling out in the best field. "We'll open 100 hubs before the end of 2019…to be able to help operations collect proof of delivery, to monitor trucks on the roads, and have closer access to truck owners for vehicle inspection and training," said Ozor. Collectively, Lori Systems, Sendy, also Kenyan, and Kobo360 have raised at least US$ 65 million from the IFC and other investors, in the last two years or so. Through an all-in-one robust platform that instantly connects cargo owners to trucks and drivers, Kobo uses big data and agile technology to reduce friction and scale efficiency in the African logistics ecosystem. The following month, it grew almost 10 times that, to 68 percent. This is a key shift in thought that needs to happen for the asset-free business model to succeed on a larger scale in Nigeria. We also offer a safe and secure platform for online purchases and our services are not restricted by physical borders. 3 - ASSET-FREE DOESN'T MEAN PEOPLE-FREE StartUp Magazine East Africa interviewed Kagure Wamunyu, the CEO for Kobo360 in East Africa to understand its business model and how it is transforming the logistics industry in the region. Technology development and support functions. Kobo360 pays drivers directly to their bank accounts, eliminating the need for cash transactions and ensuring all the paperwork is done online. StartUp Magazine East Africa interviewed Kagure Wamunyu, the CEO for Kobo360 in East Africa to understand its business model and how it is transforming the logistics industry in the region. Kobo360 is a logistics startup that helps both individuals and SMEs deliver goods to both local and international locations. To discuss this and the challenges of running a logistics company in Nigeria, Co-Founder of Kobo360, Obi Ozor joins CNBC Africa for more. Kobo360 won the 'Disrupter of the Year' at the Africa CEO Forum Awards 2019 in Rwanda. This business model has largely helped reduced cost of its services. The Company does this using its Artificial Intelligence (AI) -enable omnichannel platform that connects cargo owners to verified transporters, thus providing reliability, visibility, efficiency, prompt payment, on-demand insurance, and other value added services . Oyedele discovered Nigerian transport issues stemmed from a lack of technology, accountability and monetary incentive. Schoolable. Kobo360 is a web and mobile-based application that offers freight hauling, and cargo transportation and tracking solutions for fleet owners. We identified it from obedient source. By Digest Africa's latest ranking, Kobo360's $20 million Series A is the 5th largest investment in an African startup this year, after Egyptian ride-hail company Svwl's $42 million raise in June. He thinks the startup's asset free, digital platform and business model can outpace traditional long-haul 3PL providers in Nigeria by handling more volume at cheaper prices. This is another great start-up business in Nigeria. At Kopayment, we are all about making the process of money exchange easy. Kobo360 also allows for customers to track the movement of their goods/shipments. TLcom recently announced it has already raised $70 million of a planned $150 million for its TIDE Africa Fund II, with investors including Allianz, CDC Group, and Proparco.

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