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Kobo360 | Company profile, Business Model, and Operations

Recieved Funding?
yes
Type of Funding
Venture capital, Series A Funding, Series B Funding, Investment, Equity capital
Number of Funding Phases
9
Business Type
Private Company

All you need to know about Kobo360

About Kobo360

Kobo360 is an African tech-enabled digital logistics platform, headquartered in Lagos and connects cargo owners to truck owners, with a physical presence in 6 African countries, including Nigeria, Ghana, Kenya, Burkina Faso, and Ivory Coast.

Its customers are mostly large multinationals and manufacturing and production companies. Kobo360's platform matches cargo owners with truck owners to solve the delay faced in getting goods delivered on time. 

The company was founded by Obi Ozor and Ife Oyedele II. Kobo360 also has an app that enables users to carry out their activities easily.

Our History

Kobo360 is a tech-enabled digital logistics platform that aggregates end-to-end haulage operations to help cargo owners, truck owners, drivers, and cargo recipients achieve an efficient supply chain framework.

Kobo360 was founded in 2018 to solve the inefficiencies in Africa’s supply chain, by creating a platform that connects manufacturers and cargo owners with truck operators, to move their goods seamlessly across the continent.

Through an all-in-one robust logistics ecosystem, Kobo uses big data and technology to reduce logistics frictions, empowering rural farmers to earn more by reducing farm wastage and helping manufacturers of all sizes to find new markets.

Kobo enables unprecedented efficiency and cost reduction in the supply chain, providing 360-visibility while delivering products of all sizes safely, on time, and in full.

The Kobo mission is to build a Global Logistics Operating System that will power trade and commerce across Africa and Emerging Markets. The company is also preparing to enter the agro-trading space by creating a marketplace that links farmers with buyers all over the world. 

The marketplace will effectively eliminate the high cost of middlemen for smallholder farmers and significantly improve profits.

In 2019, Kobo360 had achieved product-market fit, and the company was rapidly expanding as a result of a $30 million equity and debt investment from Goldman Sachs, International Finance Corporation, TLcom Capital, and other investors.

Our Vision

Powering enterprise and the economy through logistics.

Our Mission

Building the Global Logistics Operating System (G-LOS) to drive efficiency and affordability in the supply chain and simplifying Africa's logistics and supply chain by making it more efficient through technology.

Our Core Values

Kobo360 teams collaborate to build and execute products and solutions that simplify the supply chain ecosystem. Our values are creativity, ownership, accountability, and execution, which is vital to moving forward.

Our Services

Kobocare

Our value-added service, KoboCare offers truck owners and drivers truck financing, discounts on diesel, and quality tire purchases reducing transporters' expenses by over 40% on truck maintenance.

Kobosafe

Carry on with your business activities, knowing your trucks and goods-in-transit are safe. Our value-added service, KoboSafe offers comprehensive insurance packages covering accidents and any damages.

Payfasta

Africa’s first supply chain fintech solution for vendor financing. Payfasta is a financial solution that provides vendors and service providers with instant credit across multiple locations.

Our Business Model

Kobo360 uses an Uber-like model for trucks, connecting fleets and independent drivers with major companies that need goods moved. It handles payment, scheduling, and loans to drivers (for truck purchases) while allowing clients to track their goods in real time using Kobo’s digital dashboard.

It can dispatch rapid-response repair teams and coordinate with authorities in the case of hijackings or bandit attacks, a frequent occurrence on the remote highways of Africa.

Related Topics


Industry

Ife Oyedele ll
Obi Ozor

Kobo360
Business Model

The Company major services and product include: Transportation, Logistics, Supply Chain and Storage

The Company was Founded
The Company was established on
December 14, 2017
HeadQuarters
The Company has its Operational Headquarters at ITF Building, 12, Funsho Williams, Avenue, Iponri, Lagos, Nigeria
Industry
The Company is contributing to the development of the Industry Logistics, Supply Chain Management
Staff Strength since Inception
The Company prides in her team member of about 101 - 500 active members

Kobo360 Business Model

The Company major services and product include: Transportation, Logistics, Supply Chain and Storage

yes
Have they recieved Funding from VCs
yes
Have they recieved Funding from VCs
yes
How many number of Funding rounds?
.5M
Company Net worth as of 2023

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