
Yobante Express
OperatingYOBANTE EXPRESS Inc. is an African based company which aims to solve the solve the problem of last-mile delivery in upcoming markets
- Logistics
- Dakar, Senegal
- Seed
- Founded 2018
- yobanteexpress.com ↗
- Total raised
- $1.2M
- disclosed
- Last round
- $1.2M
- Seed
- Rounds
- 1
- since 2018
- Investors
- 4
- on record
- Employees
- 11-50
About Yobante Express
YOBANTE EXPRESS Inc. is an African based company with the head office set up in Delaware (US) with subsidiaries in Senegal, South Africa, Nigeria and Ghana to solve the biggest problem in Africa: the last-mile delivery in upcoming markets. We've created a marketplace to connect local couriers with local commerce to optimize domestic and cross-border last-mile delivery. YOBANTE EXPRESS is a web and mobile platform that connects e-commerce, #retailers, #businesses, and #individuals with independent and casual #carriers, that will handle point-to-point deliveries over and over again until the last mile. Yobante Express entire Marketplace thrives through a resilient mesh network of independent agents and casual carriers. Literally, anyone owning a vehicle, anyone traveling in the general direction of the parcel and anyone with a shop or physical location can now make money as part of the Yobante Express network. How does it work? A Client requests delivery using our app or can go directly to a convenient nearby relay point. An independent agent packs the item into a Yobante branded parcel and attaches a shipping label that contains a unique online tracking barcode. Yobante’s machine learning algorithm determines an optimized route for that parcel all the way to the end destination. A motorbike rider, a passenger, a bus or truck driver will then bring the parcel to the next relay point. This process iterates over and over until the very last-mile delivery. At the end point, the recipient uses a unique 4 digit PIN code to confirm the receipt of the parcel and that completes the journey. Why is it innovative? For the first time ever in Africa we are formalizing informal parcel delivery through track-ability. We built mesh network of individuals and small business owners. Our proprietary ML-Algorithm optimizes the allocation of casual carriers and the relay point utilization as well as plans the routes taken within the mesh network.
Yobante Express funding1 round
Yobante Express has raised $1.2M across 1 disclosed round. The latest is a $1.2M Seed announced 28 Sep 2021.
Who has invested in Yobante Express
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 28 Sep 2021 | Yobante Express Seed | Grenfell Holdings +3 | $1.2M |
Yobante Express founders & team
- Oumar BasseCo-Founder & CEO
Yobante Express competitorssame sector · similar funding
- Fez DeliveryLagos, Nigeria
- BwalaNairobi, Kenya
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Frequently asked about Yobante Express
- Where is Yobante Express based and when was it founded?
- Yobante Express is headquartered in Dakar, Senegal and was founded in 2018.
- Who founded Yobante Express?
- Yobante Express was founded by Oumar Basse (Co-Founder & CEO).
- Who is the CEO of Yobante Express?
- Oumar Basse is Yobante Express' Co-Founder & CEO.
- How much funding has Yobante Express raised?
- Yobante Express has raised $1.2M across 1 disclosed round. Its latest, a $1.2M Seed, was announced on Sep 28, 2021.
- Who has invested in Yobante Express?
- Backers include Grenfell Holdings, R-Ventures, Aguila Investments and Launch Africa.
- What sector is Yobante Express in?
- Yobante Express operates in Logistics, Delivery and Supply Chain Management.