Logistic startup Kamtar secures equity investment from Sendy and Toyota

WEST AFRICAKamtar, a Francophone logistics platform, has secured an equity investment form Kenyan tech-logistics startup Sendy and Toyota Tsusho Corporation

Other investors in the round include Mobility 54 Investment SAS and CFAO’s corporate venture capital arm.

Kamtar currently operates in Cote d’Ivoire and Senegal, and targets to expand to other French-speaking West African countries by the end of 2022.

The strategic investment will enable Sendy to expand its footprint beyond its current operations in Eastern Africa.

Kamtar is a digital logistics startup with 5,000 drivers on its network that connects SMEs and corporate businesses to truckers, allowing for effective delivery operations and cost savings by eliminating intermediaries.

It is also developing a range of value-added-services to help their drivers access cheaper rates on all kinds of services linked to their activity such as gas, insurance, spare parts or financing solutions.

“We share a joint vision with Kamtar to make it easier to trade across Africa and we’re looking forward to the opportunity to collaborate with Kamtar on product development and technology solutions for customers across the region,” Mesh Alloys, Sendy Founder and CEO.

Kamtar is owned by Saviu Ventures, an Africa-focused investor with a focus on early-stage startups in Francophone Africa.

Following the investment, Sendy will be able to accelerate its next phase of business growth by launching operations in West Africa and expanding its footprint beyond its current operations in Eastern Africa.

The plan is to boost its services in the continent by focusing on strategic greenfield and mergers and acquisitions investments with partners in the supply chain and logistics sector.

“We are excited to partner with Sendy Ltd and look forward to the synergies that will be established between Kamtar’s expertise in Francophone Africa and Sendy’s African network,” Arthur Thuet, Saviu Ventures Co-Founder and Managing Partner and Kamtar’s President said.

“Our goal is to combine the best of both companies to become the #1 freight and logistics provider in the Francophone region.”

Sendy’s technological expertise will be used in Cote d’Ivoire and Senegal, where it currently operates, and to expand to other French-speaking West African countries by the end of 2022.

For housekeeping reasons, Kamtar is a digital logistics startup with 5,000 drivers on its network that connects SMEs and corporate businesses to truckers, allowing for effective delivery operations and cost savings by eliminating intermediaries.

According to Kamtar, it is developing a range of value-added services to help its drivers access cheaper rates on all kinds of services linked to their activity such as gas, insurance, spare parts, or financing solutions.

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