Kobo360 Inc.

Kobo360 Inc. , based in Nigeria, provides an integrated logistics platform that streamlines supply chain operations and enhances visibility for cargo owners, truck operators, and drivers across Africa. Founded in 2018 in Lagos, Nigeria, Kobo360 Inc. specializes in logistics technology, enabling efficient supply chain management.

The company has received funding through a SERIES A round led by Goldman Sachs Merchant Banking Division, raising a total of USD 20. 00 mn. The business has successfully facilitated five deals to date. Obi Ozor, the founder, leads the company as it continues to grow in the logistics sector.

Kobo360 is a supply chain technology platform that provides integrated logistics solutions and truck brokerage services throughout Africa. Their core offerings include a digital platform that aggregates end-to-end haulage operations, enabling cargo owners, truck owners, and drivers to efficiently manage logistics processes. The platform leverages big data and technology to enhance visibility within the supply chain, streamline operations, and mitigate risks associated with logistics bottlenecks and manufacturing waste. Kobo360 serves a diverse client base across multiple sectors, including agriculture, oil and gas, fast-moving consumer goods (FMCG), and construction, among others.

Their services extend across various African markets, including Nigeria, Kenya, Ghana, Uganda, and the United Arab Emirates, catering to both local businesses and global enterprises seeking to optimize their supply chain operations. Kobo360 generates revenue through transactional fees associated with its logistics services, which involve partnerships with over 50,000 truck owners and delivery partners. The company operates on a B2B model, facilitating transactions between cargo owners and truck operators through its digital platform. Clients utilize Kobo360 to access a comprehensive suite of services, including real-time tracking, warehousing, and freight forwarding.

Revenue is derived from service fees charged on each trip facilitated through the platform, alongside potential vendor financing arrangements that enhance financial accessibility for truck owners. The pricing structure for these services is integrated into the logistics management process, ensuring that both cargo owners and transporters benefit from an efficient and value-driven ecosystem. Kobo360 Inc. plans to utilize its recent funding to expand further into new markets and enhance its service offerings.

The company is exploring opportunities for launching new products aimed at improving logistics efficiency and transparency. Additionally, Kobo360 intends to strengthen its presence in existing markets and penetrate new regions, particularly targeting more countries within Africa. The venture debt funding of NGN 10 billion will support these initiatives, facilitating the development of innovative solutions and the scaling of operations to meet the growing demand in the logistics sector.