Get the latest tech news
Google, Speedinvest back Kenya’s Leta, which uses AI to make logistics cheaper
African businesses pay up to four times the global average to transport goods. Nairobi-based logistics SaaS provider Leta wants to change that.
In November 2022, the Kenyan logistics startup raised a $3 million pre-seed from several local investors, money it used to deepen operations in its five core markets: Kenya, Nigeria, Uganda, Zambia and Zimbabwe. Leta’s load and route optimization technology helps its clients cut costs and improve delivery efficiency by reducing the number of vehicles needed for distribution, Founder and CEO Nick Joshi explains. Deepali Nangia, who leads Speedinvest’s investments in Africa and the Middle East, said the firm backed Leta because it “leverages logistics as a gateway and fintech as a growth driver, unlocking new business opportunities.”
Or read this on TechCrunch
