Transport techie raises Sh3bn for EA expansion

Kobo360 seeks to enable transporters to plan movement from Mombasa via the Northern corridor. FILE PHOTO | NMG

Nigeria’s transport tech startup Kobo360 has raised Sh3 billion for its planned expansion across East Africa from its Nairobi hub.

The Sh2 billion raised under the Series A equity round and facilitated by global investment banking, securities and investment management firm Goldman Sachs, roped in India’s Asia Africa Investment and Consulting Pte as well as existing investors TLcom Capital, Y Combinator and International Finance Corporation.

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