Co-founders of Kobo360, Obi Ozor and Ife Oyedele have been selected as Endeavor Entrepreneurs. Endeavor is a leading global movement for high-impact entrepreneurship and a mission-oriented organisation that is leading the global movement for high-impact entrepreneurship. Obi Ozor and Ife Oyedele II were successfully selected as part of a cohort of 10 entrepreneurs from five markets.
Earlier this year, Endeavor also welcomed Daystar Power (a renewable energy company based in Nigeria and Ghana) and Migo (a financial technology platform operating in Nigeria and Brazil) into its network.
Based on the recent addition of Kobo360, Endeavor Nigeria now supports 16 entrepreneurs who lead 10 scale-up stage companies in Nigeria, spanning fintech, renewable energy, entertainment, logistics and retail
Kobo360 is a digital logistics platform that uses big data and agile technology to reduce friction and improve efficiency in the African logistics ecosystem. The company operates via a digital platform that matches cargo-owners with truck owners while providing real-time updates throughout the entire delivery process.The company has it’s presence in Nigeria and Kenya.
In addition to leveraging technology to reduce friction and improve efficiency in the African logistics ecosystem, Kobo360 offers value-added services such as trip-financing, discounts on diesel, and insurance. Since launching in 2017, the startup has achieved several milestones, including a $30 million Series A last August.
In the words of Eloho Gihan-Mbelu, Managing Director & CEO of Endeavor in Nigeria “We’re excited to welcome Kobo360 into Endeavor’s network which includes some of the world’s most exciting scale-up entrepreneurs and most experienced mentors and investors”.
‘Fixing Africa’s supply chain is clearly important for commerce on the continent, and 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 and their relentless focus on scaling Kobo360 serves as an inspiration to high-impact entrepreneurs everywhere.” She continued.
While reacting, Ozor, Co-founder & CEO of Kobo360 stated “It’s an honour to be joining this global network of high-impact entrepreneurs and to have Endeavor recognise our efforts to transform Africa’s logistics sector using technology. As entrepreneurs, we wanted to turn African problems into African opportunities”.
“Focusing on logistics, Ife and I started Kobo360 to not only fix the inefficiencies that exist, but to build opportunities for the businesses we serve and most importantly, the hundreds of thousands of truck drivers across Africa. This is a fundamental milestone in Kobo360’s journey; our Global Logistics Operating System [GLOS] will revolutionize supply chain across emerging market”.Obi added.
With Headquarter in New York City, Endeavor, which was established in 1997 currently operates in nearly 40 growth markets throughout Africa, Asia, Europe, Latin America, the Middle East, and North America. The company helps founders of some of the world’s most exciting scale-up companies accelerate growth, and contributes to building strong entrepreneurship ecosystems in underserved markets like Nigeria
