In a news release published on Wednesday, Leta, a Kenyan supply chain and logistics software company, announced the conclusion of a $3 million pre-seed fundraising round.
Among the round’s investors are 4Di Capital, Chandaria Capital, Chui Ventures, PANI, Samurai Incubate, and Verdant Frontiers Fintech.
Leta, a company created in 2021, uses technology for load and route optimization to enhance African supply chains.
Fuel and distance tracking are additional platform capabilities that provide more analysis and oversight. According to the company, the program may also be integrated with point-of-sale systems like SAGE, SAP, and Shopify as well as corporate resource planning, warehouse management, and point-of-sale systems.
Leta added that across the five nations of Kenya, Tanzania, Zimbabwe, Uganda, and Zambia, it has streamlined more than 500,000 deliveries. This amounts, according to the notification, to more than 2000 automobiles transporting almost 20,000 tons of goods.
Leta founder and CEO Nick Joshi said, “We are proud to be building Africa’s backend of supply chain and logistics, saving our customers 20% to 30% on their logistics costs.
“Like in the United States and Europe, the supply chain and logistics sector in Africa is highly fragmented and ineffective.”
According to him, supply chain and logistics costs are sometimes 60–70% higher in Africa and are consequently passed on to the final customer. We want to offer a reliable and straightforward method for moving things much more effectively using Leta.
Leta works with companies that ship food and beverages, agricultural goods, manufactured goods, building materials, pharmaceuticals, and other goods. Among its clients are ShopZetu, Simbisa Brands, Chandaria Industries, and Twiga Foods.
It may be challenging to coordinate the numerous units involved in a typical supply chain, especially when trying to do it in the most economical and fuel-efficient way.
