Endeavor has added two new entrepreneurs into its global network. The two, Obi Ozor and Ife Oyedele II, co-founders of Kobo360, were selected as Endeavor Entrepreneurs on May 21, 2020.
Kobo360 is a digital logistics platform that uses big data and agile technology to reduce friction and improve efficiency in the African logistics ecosystem.
Endeavor aims to help entrepreneurs to accelerate their companies’ growth, and by contributing to building strong entrepreneurship ecosystems in underserved markets like Nigeria, drive economic growth through entrepreneurship. Earlier this year, Endeavor also welcomed Daystar Power (a renewable energy company based in Nigeria and Ghana) and Migo (a financial technology platform operating in Nigeria and Brazil) into its network.
(TOP: Obi Ozor and Ife Oyedele II, the Kobo360 co-founders).
Logistics in Nigeria continues to be a challenge. For many businesses, finding the proper truck operators for cargo is difficult and inefficient as they spend days negotiating with brokers, searching for trusted truck drivers, and pursuing updates on delivery. Kobo360 is solving this challenge for businesses by using its digital platform to match cargo-owners with truck owners, while providing real-time updates throughout the entire delivery process. The company also offers value-added services such as trip-financing, discounts on diesel, and insurance.
“We’re excited to welcome Kobo360 into Endeavor’s network which includes some of the world’s most exciting scale-up entrepreneurs and most experienced mentors and investors. Fixing Africa’s supply chain is clearly important for commerce on the continent, and Kobo360’s rapid growth over the past 3 years is evidence that the company’s valuable services are in critical demand. Obi and Ife are inspiring founders and their relentless focus on scaling Kobo360 serves as an inspiration to high-impact entrepreneurs everywhere”, said Eloho Gihan-Mbelu, the MD and CEO of Endeavor in Nigeria.
Since launching in 2017, Kobo360 has surpassed several milestones, including a $30 million Series A in August 2019. “It’s an honour to be joining this global network of high-impact entrepreneurs and to have Endeavor recognise our efforts to transform Africa’s logistics sector using technology. As entrepreneurs, we wanted to turn African problems into African opportunities. Focusing on logistics, Ife and I started Kobo360 to not only fix the inefficiencies that exist, but to build opportunities for the businesses we serve and most importantly, the hundreds of thousands of truck drivers across Africa. This is a fundamental milestone in Kobo360’s journey; our Global Logistics Operating System [GLOS] will revolutionize supply chain across emerging markets and with Endeavor’s support, we’re able to make invaluable global connections that could be leveraged for our expansion and growth”, said Obi Ozor, Co-founder & CEO of Kobo360.
Obi Ozor and Ife Oyedele II were selected as part of a cohort of 10 entrepreneurs from five markets. With the recent addition of Kobo360, Endeavor Nigeria now supports 16 entrepreneurs who lead 10 scale-up stage companies in Nigeria, spanning fintech, renewable energy, entertainment, logistics and retail.
To date, Endeavor has screened more than 60,000 entrepreneurs and selected more than 2,000 founders leading over 1,200 scale-up companies. Endeavor entrepreneurs have created over 3 million jobs and generate more than $20 billion in revenue each year in underserved markets. Headquartered in New York City, Endeavor currently operates in nearly 40 growth markets throughout Africa, Asia, Europe, Latin America, the Middle East, and North America. Endeavor launched its Nigeria office in 2018, to select and support the best founders of companies at the scale-up stage, who have potential to leverage Endeavor’s global resources, mentors and network to create large-scale wealth and jobs. Currently, in Nigeria, Endeavor supports 16 Endeavor Entrepreneurs 10 companies.
Kobo360 is a digital logistics platform that aggregates end-to-end haulage operations to help cargo owners, truck owners and drivers, and cargo recipients to achieve an efficient supply chain framework. Developing an all-in-one logistics ecosystem, Kobo360 leverages data and technology to reduce logistics frictions. Kobo360 enables unprecedented efficiency and cost reduction in the supply chain, providing 360-visibility while delivering products of all sizes safely, on time and in full. The firm has operations in West and East Africa.
Obi Ozor is the CEO and co-founder of Kobo360. With over 7 years of logistics and supply chain experience, he manages all key aspects of Kobo360 including operations, controlling investments, compliance risk management and product growth. Obi completed his Biochemistry degree at the University of Michigan before graduating from the Wharton School of Business. After completing his studies, Obi worked at JP Morgan as an Investment Banker before becoming the Operations Coordinator at Uber Nigeria. In 2016, he left Uber alongside Ife Oyedele II to launch Kobo360.
Ife Oyedele II is the co-founder and Chief Growth Officer of Kobo360. He has worked in various capacities with several global brands including Mercedes Benz, Financial Services and the CFI Group USA. In 2016, he partnered with Obi Ozor to launch Kobo360. He was previously the CTO overseeing Technology Innovation and Product Development at Kobo360.