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Ernest Gichini Ngaruiya
Co-Founder at Lori
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Work Experience
Co-Founder
Present
Company Details
51-200 Employees
Lori is a venture-backed start-up building the cutting-edge logistics infrastructure for trucking in Africa. The start-up is tackling a massive issue - $180 billion is spent annually on haulage across Africa, which means that up to 75% of a product’s cost is due to logistics (compared to 6% in the US). Lori’s tech-enabled and operations-driven marketplace efficiently connects transport to cargo. The supply chain management system brings transparency and has pushed significantly improved flexibility, reliability, and cost savings (savings upwards of 18%). The company has experienced 30% month-over-month compounded growth since product launch in May 2017. The market demand for Lori’s platform is increasing exponentially. To continue this pace of growth, Lori recently closed a landmark raise from globally leading institutional and strategic investors. The company won Techcrunch Battlefield Africa.
Year Founded
2016
Social Media
LinkedinFacebookTwitter
Industry
Transportation, Logistics, Supply Chain and Storage
HQ Location
Nairobi, Nairobi 00200, KE
Keywords
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