According to a report from Tech Cabal, Ciku Mugmabi, CEO of Kobo360, a logistics startup that provides access to trucks for businesses like Dangote, Unilever, and Flour Mills, has resigned after one year at the company.
Details
According to sources, Mugambi announced her exit on a company-wide call on October 29.
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Mugambi joined Kobo360 in 2021 from the International Finance Corporation (IFC) as Chief Operating Officer (COO) and was named CEO after co-founder Obi Ozor’s exit in August 2023.
Between The Lines
Kobo360 launched in 2017 and raised $30 million in a 2019 Series A funding round, including investors like TLCom, Y Combinator, and IFC.
The company has since struggled to raise additional funds partly because of the COVID-19 pandemic.
