Kenyan supply chain and logistics startup Leta secures $3 million in seed funding

Kenyan supply chain and logistics startup Leta has secured a $3M pre-seed equity round.

The funding round was led by 4Di Capital, Chandaria Capital, Chui Ventures, PANI, Samurai Incubate and Verdant Frontiers Fintech.  

Angel investors in the funding rounds include the Founder of Cellulant, Ken Njoroge and Google Regional Director, SSA, Government Affairs and Public Policy, Charles Murito.

Nick Joshi is the Founder and CEO of Leta brought into the firm experience spanning over a decade working in the New York startup tech ecosystem.

“We are proud to be building the backend of supply chain and logistics in Africa, saving our customers 20-30% on their logistics costs.” Joshi said, “Much like the US and Europe, the supply chain and logistics industry in Africa is highly fragmented and lacks efficiency. However, in Africa, the supply chain & logistics costs are typically 60-70% higher, which is then passed to the end consumer.” He said.

Founded in 2021, the start-up uses artificial intelligence to enable the efficient and automated movement of goods for businesses.

 The company’s mission is to lower the cost of moving goods for businesses to reduce the cost to end consumers. Leta can achieve this through its proprietary route and load optimization technology that reduces the number of assets required for B2B and B2B2C customers to complete deliveries while continuously improving service delivery. 

Through its more than 20 active customers, the supply chain and logistics SAAS provider has optimized more than 500,000 deliveries, delivered over 20,000 tonnes and managed 2000 plus vehicles.

Leta operates in Kenya, Tanzania, Zimbabwe, Uganda and Zambia. 

Diana Mutheu

Recent Posts

Airtel Uganda and K2 Telecom forge ahead with renewed partnership

Airtel Uganda and K2 Telecom have solidified their long-standing relationship by renewing their transformative partnership.…

3 days ago

Airtel Rwanda’s Voice Over 4G service surpasses one million subscribers

Airtel Rwanda’s groundbreaking Voice Over 4G (VoLTE) service has achieved a significant milestone, attracting over…

3 days ago

Nigeria’s Bureau of Statistics suffers cyberattack

Nigeria’s National Bureau of Statistics (NBS) has fallen victim to a cyberattack, disrupting operations and…

3 days ago

ChatGPT now accessible via WhatsApp and phone calls

OpenAI has expanded the reach of its widely popular AI chatbot, ChatGPT, by launching it…

3 days ago

Open AI unveils ChatGPT Pro

OpenAI has launched ChatGPT Pro, a $200/month subscription plan designed to cater to professionals in…

3 days ago

KIXP and iXAfrica partner to boost East Africa’s digital connectivity with new Point of Presence

Kenya Internet Exchange Point (KIXP) has inaugurated a new Point of Presence (PoP) at iXAfrica…

3 days ago