Kenyan tech-logistics startupSendy andToyota Tsusho Corporation have completed a strategic equity investment in Kamtar, a Francophone logistics platform.
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.
Kamtar is owned by Saviu Ventures, an Africa-focused investor with a focus on early-stage startups in Francophone Africa.