Nigeria - Startup under 3 years old

Describe your project or startup in a few words

Cari Load is a digital platform that connects truck owners with load owners, which aims to streamline the logistics operations.

01.01 Describe your startup in more detail

Cari Load is an innovative digital platform dedicated to transforming the logistics industry by connecting truck owners with load owners seamlessly. Our platform addresses critical challenges in logistics, including high costs, empty returns, communication issues, and fraudulent orders. Truck owners can access a large pool of available loads, book and search for loads, and manage their fleet efficiently. Load owners can similarly access a vast network of trucks, search for and book the right vehicles, and manage their loads effectively. Cari Load uses advanced algorithms to optimize truck-load matching, ensuring better utilization of resources and reducing operational inefficiencies. Our user-friendly interface, combined with stringent verification processes, ensures a safe, reliable, and efficient logistics experience for all users.

01.02 What is the main problem you are trying to solve?

The main problems we are trying to solve are: 1. High Logistics Costs: Inefficient matching of trucks and loads often leads to higher operational costs. And the higher the logistics cost, the higher the price of consumable goods, because logistic accounts for up to 75% of a product's price. We optimizes this matching, reducing costs for both truck and load owners. 2. Empty Returns: Trucks often return empty after delivering loads, leading to wasted resources and increased costs. We minimizes empty returns by connecting trucks with available loads for their return trips. 3. Communication Issues: Truck and load owners do not know the status of their shipments or trucks in real-time. We provides clear, direct communication channels to enhance coordination. 4. Fraudulent Orders: The logistics industry faces challenges with fake orders and unreliable partners. We implement strict verification processes to ensure the authenticity of all orders and bookings, safeguarding our users from fraud.

01.03 Tell us the major benefits and/or advantages of using the product/service that your startup provides (at least 3).

These are some of the major benefits of our product/service: - The truck owners being connected to a large pool of verified load owners, they increases their chance to find loads and make more money when transporting. - The load owners get the best deals with no effort and save money when shipping. These are some of the advantages of using our product/service: - Efficient Matching - Cost-Effective - Real-Time Tracking - Time-Saving - Increased Revenue - Expanded Network - User-Friendly - Reliable

01.04 Please describe who exactly your startup’s product/service is aimed at serving. Who are the targeted beneficiaries?

Our startup aims to create a highly efficient, cost-effective, and reliable logistics ecosystem. We target two beneficiaries, these are: 1. Truck Owners: Is a company or individual that provides transportation services to move goods from one place to another. They are responsible for physically transporting the goods and ensuring safe and timely delivery. 2. Load Owner: Is a company or individual that owns load and needs to transport this load from one place to another. Load owner is the one who hire truck owner to move their goods.

01.05 When was your company established?

2024-04-21

01.06 Are you already selling your product/service?

No

01.07 How many other owners are there within your startup?

3

01.08 Among the other owners, how many are female?

2

01.09 Please describe the profile of the other owners within your startup (skills, experience, etc.)

- Muhammed Abdulhamid Madaki, CEO/Founder Entrepreneur with 3 years of experience in IT & Logistics Industries - Umar Alhaji Baba, CTO/Co-founder Senior Software Developer 8 years of experience in IT industry - Muhammad Auwal Ahmad, COO/Co-founder Founded Flowdiary & Stackplaza Entrepreneur with 10 years experience in IT & E-commerce industries - Nafisat Abdulhamid, Customer Support Specialist/Co-founder 3 years experience in customer interaction

01.10 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link(s) here:

https://www.cariload.com

01.11 Which industry best describes your project?

c) Industry (equipment, commercial, logistical and professional services, transport)

02.01.01 My startup contributes to the No poverty goal

6

02.01.02 No poverty - Justification for my startup

Cari Load creates steady jobs for independent truck drivers and small fleet owners, providing financial stability and growth, particularly in underserved and rural areas. And it enhances efficiency within the logistics network through a real-time matching algorithm that optimizes the use of trucking resources. This reduces operational costs and lowers fuel consumption, leading to more affordable transportation. The cost savings are passed on to consumers, making essential goods such as food, medicine, and everyday products more accessible, especially in low-income communities. Simultaneously, we empower small businesses by offering an accessible and cost-effective platform for their transportation needs. This enables them to expand operations, reach new markets, and improve competitiveness, which is crucial for their growth and sustainability. I believe this contributes a lot in 'No Poverty' goal.

02.02.01 My startup contributes to the Zero hunger goal

6

02.02.02 Zero hunger - Justification for my startup

My startup contributes to 'Zero Hunger' goal by streamlining logistics and potentially logistics lowering costs, which help ensure essential food items reach wider populations, and more efficient transportation systems can minimize spoilage during delivery, leading to less food waste.

02.03.01 My startup contributes to the Good health and well-being goal

6

02.03.02 Good health and well-being - Justification for my startup

Cari Load supports 'Good health and well-being' by ensuring faster delivery of medical supplies and potentially making healthcare services more accessible through efficient logistics.

02.04.01 My startup contributes to the Quality education goal

4

02.04.02 Quality education - Justification for my startup

02.05.01 My startup contributes to the Gender equality goal

7 - Strongly Agree

02.05.02 Gender equality - Justification for my startup

Having a female among the first team at the helm of Cari Load sets a strong example for our contributions to 'Gender Equality' by empowering women in the industry and promoting female leadership.

02.06.01 My startup contributes to the Clean water and sanitation goal

1 - Strongly Disagree

02.06.02 Clean water and sanitation - Justification for my startup

02.07.01 My startup contributes to the Affordable and clean energy goal

1 - Strongly Disagree

02.07.02 Affordable and clean energy - Justification for my startup

02.08.01 My startup contributes to the Decent work and economic growth

7 - Strongly Agree

02.08.02 Decent work and economic growth - Justification for my startup

Cari Load supports 'Decent Work and Economic Growth' on multiple fronts. By streamlining logistics and potentially lowering costs, it incentivizes business growth, creating job opportunities for truck drivers, warehouse workers, and others in the sector. Furthermore, Cari Load's platform optimizes truck utilization and reduces empty miles, leading to increased efficiency and potentially lower costs for businesses, fostering sustained economic growth. Finally, it contributes to decent work conditions by connecting truck owners with reliable work and potentially improving communication with shippers. In essence, Cari Load creates jobs, promotes economic growth, and fosters decent work in logistics, all crucial aspects of achieving SDG 8.

02.09.01 My startup contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification for my startup

Cari Load contributes to Industry, Innovation and Infrastructure (SDG 9) by promoting technological innovation within the logistics sector. The platform itself is a testament to this, and it can pave the way for further advancements. Additionally, by optimizing truck utilization, Cari Load can improve the use of existing transportation infrastructure, potentially reducing strain and laying the groundwork for future, more efficient infrastructure development.

02.10.01 My startup contributes to the Reduced inequalities goal

4

02.10.02 Reduced inequalities - Justification for my startup

02.11.01 My startup contributes to the Sustainable cities and communities goal

4

02.11.02 Sustainable cities and communities - Justification for my startup

02.12.01 My startup contributes to the Responsible consumption and production goal

7 - Strongly Agree

02.12.02 Responsible consumption and production - Justification for my startup

Through minimizing empty miles, optimizing fuel consumption, and streamlining supply chains, Cari Load promotes Responsible Consumption and Production within the logistics sector.

02.13.01 My startup contributes to the Climate action goal

7 - Strongly Agree

02.13.02 Climate action - Justification for my startup

Cari Load contributes to 'Climate Action' in two ways. Firstly, it reduces empty truck trips, which means less fuel burned and fewer emissions. Secondly, Cari Load improves communication in the supply chain, potentially leading to less wasted goods and a more efficient production cycle.

02.14.01 My startup contributes to the Life below water goal

1 - Strongly Disagree

02.14.02 Life below water - Justification for my startup

02.15.01 My startup contributes to the Life on land goal

1 - Strongly Disagree

02.15.02 Life on land - Justification for my startup

02.16.01 My startup contributes to the Peace Justice and Strong Institutions goal

1 - Strongly Disagree

02.16.02 Peace Justice and Strong Institutions- Justification for my startup

02.17.01 My startup contributes to the Partnerships for the goal

1 - Strongly Disagree

02.17.02 Partnerships for the goal - Justification for my startup

06.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

2

06.02 The product/service represents an entirely new type of product/service.

3

06.03 The product/service could be described as a new technology.

2

06.04 The product/service is an improvement on an existing product or service.

7 - Strongly Agree

06.05 The product/service could be described as an extension of a range of products or services.

5

06.06 The product/service responds to a demand or need that has not been satisfied by other products/services.

6

06.07 The product/service is a new version of an old product/service.

4

06.08 Justification for my startup

Cari Load builds upon existing logistics solutions but differentiates itself through innovation. Our focus on efficiency, cost-effectiveness, reliability and security, and fostering better communication creates a unique value proposition. The user-friendly tech platform makes Cari Load accessible and efficient for all stakeholders within the logistics ecosystem.

06.09 Competitive Analysis

The main competitors are Kobo360, Lori Sys, and Loadconnect.

11.05 Are you initiating actions within your community to promote the role of female entrepreneurs?

I am committed to promoting diversity within my company. Currently, I have one female co-founder and two female employees out of a total of five. Looking ahead, I intend to establish initiatives focused on supporting women in both the tech industry and business sectors. These efforts aim to provide resources, mentorship, and networking opportunities to empower women in these fields.