Logistics Startup Kobo360 Begins Expansion into Togo, Ghana and Kenya to Follow

Nigerian logistics startup, Kobo360 has begun an Africa-wide expansion plan. According to reports by Disrupt Africa, Togo is the first country on the cards.

A team of executives from Kobo360 recently visited Lome, Togo. The trip was more than just a market survey as the executives held meetings with Togolese government officials as well as other partners domicile in the country.

“This is part of our expansion across Africa which has been in effect since 2018,” said Kobo360 co-founder Obi Ozor.

“Our mission is to build the global logistics operating system that will power trade and commerce across Africa and emerging markets. Togo is a key part of that drive.”

It also appears the company has started recruitment for its yet to be launched Togo operations. According to reports, Kobo360’s executives conducted a series of interviews for potential employees during their trip. This suggests that the move may have been planned for a while.

It doesn’t come as a surprise though.

Launched in 2016, Kobo360 has always had plans for an Africa wide expansion. The logistics startup helps both individuals and SMEs schedule and deliver goods to both local and international locations.

In July 2018, it raised around $1.3 million to scale its operations and this put it on its first path to expansion.

By early December 2018, the 3-year-old startup finally got the requisite funding for expansion when it raised $6 million from an impressive roll call of investors.

Notable among them are the World Bank’s International Finance Corporation (IFC) YCombinator and TLcom.

Backed these behemoths, Kobo360 is well and truly poised to scale across the continent.

Togo is the first country so far. However, the startup has plans to expand into Kenya and Ghana soon. One report suggests this could happen in a matter of weeks.


If you’d like to get featured on our Entrepreneur Spotlight, click here to share your startup story with us.


SUBSCRIBE

Get latest Technology news, reviews, business-related content with a deliberate emphasis on the African narrative and insightful analysis in Nigeria – straight to your inbox.


Related Posts