Kenyan Leta, a B2B supply chain and logistics SaaS provider, has raised $3 million to expand its operations in West Africa in the coming months.
Leta is a B2B supply chain and logistics SaaS provider that helps improve fleet management. It was started by Nick Joshi last year.
In a statement, CEO Joshi said, “We are an operating system for logistics. Our software can show distributors the fastest way to serve customers and allows them to use fewer assets (vehicles) to serve more customers.”
Using the Leta Software, businesses can also measure other vehicle metrics, such as speed, braking, and idle time, as well as other data points that show how well operations are run.
Since its launch, Leta says it has optimised more than 500,000 deliveries, sent more than 20,000 tons of goods to their destinations and taken care of 2,000 vehicles.
The startup announced that it is looking for ways to grow in West Africa by forming partnerships with companies in Nigeria and Ghana. At the same time, it is expanding its operations in the five markets already in Kenya, Tanzania, Uganda, Zambia, and Zimbabwe. The startup also talks with financial companies about offering asset financing to help clients grow their fleets.
Chandaria Capital, PANI, Samurai Incubate,4Di Capital, Chui Ventures, and Verdant Frontiers Fintech participated in the round.