Google, Speedinvest back Kenya’s Leta, which uses AI to make logistics cheaper
- African businesses pay up to four times the global average for logistics, with logistics costs comprising 75% of product costs.
- Leta, a Nairobi-based logistics SaaS provider, has raised $5 million in seed funding to scale its AI-powered platform.
- The platform optimizes delivery routes, tracks shipments in real-time, and integrates with businesses' existing systems.
Leta's innovative approach to logistics in Africa is a promising development that could significantly enhance supply chain efficiency and reduce costs for businesses. However, the reliance on technology must be balanced with the need for infrastructure improvements across the continent to fully realize these benefits.
