Leta, a supply chain and logistics operating system, raises $3 million
Leta, a logistics platform based in Kenya, has raised $3 million in pre-seed funding to help fund its expansion beyond its current five markets and into other West African countries like Ghana and Nigeria. 4Di Capital, Chandaria Capital, Chui Ventures, PANI, Samurai Incubate, and Verdant Frontiers Fintech were among the investors who took part in the round. Also on board are Google executive Charles Murito and Cellulant co-founder Ken Njoroge.
Businesses in Kenya, Tanzania, Uganda, Zambia, and Zimbabwe can take advantage of an intelligent supply chain and logistics operating system that uses AI to cut shipping costs and enhance service quality.
Leta operates in five countries, specializing in the fast-moving consumer goods (FMCG), food and beverage, agriculture, apparel, pharmaceutical, and non-governmental organization (NGO) delivery markets, and claims to have optimized more than 500,000 deliveries, 22,000 tonnes delivered, and 2,000+ vehicles.
Nick Joshi created Leta, which has received funding from Verdant Frontiers, Chandaria Capital, Chui Ventures, and others.
For this reason, the firm plans to introduce a transportation marketplace where customers can place orders for additional delivery vehicles. Instead of renting a truck to a customer for a single service, it monitors utilization and then pairs distributors with the most efficient suppliers, maximizing load utilization.
Leta also intends to form partnerships with financial service providers to provide asset financing to assist clients in growing their fleets.