Leta, a Kenyan supply chain and logistics software firm, announced the completion of a $3 million pre-seed financing round in a press statement issued on Wednesday.
4Di Capital, Chandaria Capital, Chui Ventures, PANI, Samurai Incubate, and Verdant Frontiers Fintech are among the investors in the round.
Leta, which was founded in 2021, employs route and load optimization technologies to improve African supply chains.
Other platform features include fuel and distance tracking, which allows for greater analytics and supervision. The program may also be integrated with warehouse management, corporate resource planning, and point-of-sale systems such as SAGE, SAP, and Shopify, according to the company.
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 pleased to be establishing Africa’s backbone of supply chain and logistics, saving our customers 20% to 30% on their logistical expenditures.
“Like in the United States and Europe, the supply chain and logistics sector in Africa is tremendously fragmented and ineffective.”
According to him, supply chain and logistics costs are frequently 60–70% higher in Africa and are consequently passed on to the final customer. We hope to offer a reliable and straightforward method for moving things much more effectively with 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 can be challenging to coordinate the numerous units involved in a typical supply chain, especially when trying to do so in the most economical and fuel-efficient way.
