Kobo360 is solving this challenge for businesses by using its digital platform to match cargo-owners with truck owners.
Endeavor has welcomed two new entrepreneurs into its global network. Obi Ozor and Ife Oyedele II, co-founders of Kobo360, were selected as Endeavor Entrepreneurs. Kobo360 is a digital logistics platform that uses big data and agile technology to improve efficiency in African logistics.
Endeavor is a mission-oriented organization that is leading the global movement for high-impact entrepreneurship. It helps entrepreneurs behind some of the world’s most exciting scale-up companies accelerate their companies’ growth. It contributes to building strong entrepreneurship ecosystems in underserved markets like Nigeria.
Solving Nigeria’s Logistics Problems
Logistics in Nigeria continues to be a challenge. For many businesses, finding the proper truck operators for cargo is difficult and inefficient. They spend days negotiating with brokers, searching for trusted truck drivers, and pursuing updates on delivery. Kobo360 is solving this challenge for businesses by using its digital platform to match cargo-owners with truck owners. They provide real-time updates throughout the entire delivery process. The company also offers value-added services such as trip-financing, discounts on diesel, and insurance.
“We’re excited to welcome Kobo360 into Endeavor’s network which includes some of the world’s most experienced mentors and investors. Fixing Africa’s supply chain is clearly important for commerce on the continent. Kobo360’s rapid growth over the past 3 years is evidence that the company’s valuable services are in critical demand. Obi and Ife are inspiring founders. Their relentless focus on scaling Kobo360 serves as an inspiration to high-impact entrepreneurs everywhere.” That was the submission by Eloho Gihan-Mbelu, the Managing Director & CEO of Endeavor in Nigeria.
The Rise of Kobo360
Since launching in 2017, Kobo360 has surpassed several milestones, including a $30 million Series A in August 2019. “It’s an honour to be joining this global network of high-impact entrepreneurs and to have Endeavor recognise our efforts. As entrepreneurs, we wanted to turn African problems into African opportunities. Focusing on logistics, Ife and I started Kobo360 to build opportunities for the businesses we serve. Most importantly, we wanted to serve hundreds of thousands of truck drivers across Africa. Our Global Logistics Operating System [GLOS] will revolutionize the supply chain across emerging markets. With Endeavor’s support, we’re able to make invaluable global connections that could be leveraged for our expansion and growth.”
Obi Ozor and Ife Oyedele II were successfully selected as part of a cohort of 10 entrepreneurs from five markets. With the recent addition of Kobo360, Endeavor Nigeria now supports 16 entrepreneurs who lead 10 scale-up stage companies in Nigeria. These span fintech, renewable energy, entertainment, logistics, and retail.