Karooooo Ltd.
NASDAQ Capital MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Isaias Jose Calisto
- Full Time Employees
- 4,387
- Sector
- Technology
- Industry
- Software - Application
- Address
- 1 Harbourfront Avenue Singapore Singapore 098632
- IPO Date
- Apr 1, 2021
- CIK
- 0001828102
- Website
- karooooo.com
- Similar Companies
- Business
- Karooooo Ltd. is a Singapore-headquartered technology company specializing in the development and provision of a cloud-based mobility software-as-a-service (SaaS) platform that delivers real-time data analytics and business intelligence for connected vehicles and other physical assets. Through its subsidiaries and business segments, including Cartrack, Karooooo Logistics, and Carzuka, the company offers a comprehensive suite of products and services such as fleet telematics; fleet management SaaS solutions; real-time vehicle and asset tracking; fuel management; fleet maintenance; workforce management; video-based safety and risk mitigation; delivery and field worker management; environmental, social, and governance (ESG) compliance reporting; credit management for asset-based vehicle finance; insurance telematics; electronic monitoring solutions for law enforcement; and smart IoT mobility devices. Its platform empowers enterprises across diverse industries to optimize operations, increase efficiency, improve safety, and reduce costs, with over 125,000 commercial clients and more than two million active subscribers globally, operating in South Africa, the rest of Africa, Europe, Asia-Pacific, the Middle East, and the United States. Founded in 2021 with origins from the Cartrack business established in South Africa, Karooooo is focused on driving digital transformation across physical operations worldwide. In the last 1-2 years, Karooooo has experienced significant growth and strategic developments. Notably, the company formed a strategic partnership with Volkswagen Group Info Services AG to integrate fleet data, expanding its market reach and service capabilities. Karooooo has accelerated its subscription revenue growth from 15% to 20%, evidencing strong business momentum. The company launched the Wireless Cartrack-Tag, a secure IoT asset control device for commercial operations. It has also continued to scale Karooooo Logistics, which provides delivery-as-a-service (DaaS) through third-party drivers and logistics companies, contributing to a 77% revenue increase in this segment. Karooooo announced a secondary public offering in mid-2025 to raise additional capital supporting expansion. The company maintains a high commercial customer retention rate of 95% and continues to invest in AI-driven product innovation and platform enhancements to sustain robust profitability and market leadership. Karooooo operates primarily within the smart transportation, mobility SaaS, and IoT analytics sectors, targeting a variety of customers including small and large enterprises needing comprehensive fleet and physical asset management solutions. Its offerings support industries such as transportation, logistics, insurance, law enforcement, and asset recovery. The group manages its business through key subsidiaries including Cartrack Holdings Limited and Karooooo Logistics, with corporate headquarters in Singapore and a regional office in South Africa. The company leverages advanced data analytics and IoT technologies to deliver actionable insights, enabling clients to streamline operations, ensure compliance, and optimize asset utilization on a global scale. This detailed operational and product profile situates Karooooo Ltd. as a global leader in connected vehicle and asset management software with a strong growth trajectory marked by strategic partnerships, new product launches, expanded service offerings, and increasing subscription-based revenues. The company’s technology platform supports over 23 countries worldwide and processes vast volumes of mobility data monthly to enhance client business performance and operational intelligence.
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