Google and Speedinvest Fund AI-Driven Logistics Startup Leta to Lower Delivery Costs

Google and Speedinvest Fund AI-Driven Logistics Startup Leta to Lower Delivery Costs
Kenya's Leta, an AI-powered logistics SaaS firm, has secured $5 million in seed funding led by European VC Speedinvest, with support from Google's Africa Investment Fund. The platform aims to reduce exorbitant logistics costs for African businesses, which can be up to four times higher than the global average. By optimizing delivery routes and streamlining payment processes, Leta has rapidly expanded, now handling over 10,000 daily trips for major clients like KFC and Diageo. The startup plans to double its revenue and expand further within Africa and the Middle East.