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Karooooo Ltd. (KARO)

Stock Price: $37.00 USD 0.65 (1.79%)
Updated Jul 23, 2021 4:00 PM EDT - Market closed
Karooooo Ltd.
Country Singapore
Founded 2001
IPO Date Apr 1, 2021
Industry Software-Application
Sector Technology
Employees 2,999
CEO Isaias (Zak) Jose Calisto

Contact Details

Address:10 Anson Road #12-14, International Plaza
Singapore 079903
Phone 65 6255 4151

Stock Information

Ticker Symbol KARO
Exchange NASDAQ
Fiscal Year March - February
Reporting Currency ZAR
IPO Price $47.52
CIK Code 1828102

Company Description

Karooooo is a leading global provider of real-time mobility data analytics solutions for smart transportation.

Our proprietary SaaS platform acts as a central nervous system for connected vehicles and other mobile assets, such as construction equipment, generators, refrigeration units, trailers and boats.

Our platform collects, processes, and analyzes data via two-way communication with our proprietary hardware technology or third party devices in each vehicle or other asset, providing our users with visibility into their fleets from a single, user friendly interface with reporting and tracking capabilities that deliver actionable insights in real-time.

Since we own and control every aspect of our smart device design, platform innovation and software application development, client acquisition and onboarding, customer service and the management of our back-end support, we are able to move quickly without any significant third-party dependencies and inefficiencies.

We serve customers in 23 countries across five continents, supporting more than 1.3 million subscribers as of January 31, 2021, and our highly scalable platform serves large multinational enterprises and individual consumers alike, enabling us to address a large, growing and underpenetrated global market.

Key Executives

Isaias Jose CalistoFounder, Chief Executive Officer and Director
Morne GrundlinghChief Financial Officer and Director
Richard J. SchubertChief Operating Officer
Pedro VenturaChief Technology Officer
Juan MaraisChief Sales Officer
Carmen CalistoChief Marketing Officer