Karooooo Ltd.

Karooooo Ltd. is a technology company that provides software applications for fleet management, mobile asset tracking, workforce management, and video solutions. Its business is organized into three segments: Cartrack, Carzuka, and Karooooo Logistics. Cartrack is a mobility SaaS cloud platform offering systems integration, fleet management, field worker management, video-based safety, risk mitigation, delivery management, and reporting solutions. Karooooo Logistics focuses on last-mile delivery and general operational logistics software. Carzuka operates a physical and e-commerce vehicle buying and selling marketplace. The company serves consumers, sole proprietors, small and medium-sized businesses, and large enterprises across multiple regions.

Karooooo Ltd. is listed on the Nasdaq Capital Market (NasdaqCM) under the ticker symbol KARO. Its shares trade in US Dollars (USD). The NasdaqCM is a US-based exchange that typically lists smaller-capitalization companies, and Karooooo's listing there provides access to US and international investors.

Karooooo operates in the Technology sector, specifically within the Software - Application industry. This means the company develops and sells software applications designed for specific business needs. In Karooooo's case, its applications focus on mobility, fleet management, asset tracking, workforce management, and logistics. As a software application company, it provides cloud-based solutions (SaaS) that help businesses manage their mobile operations, improve safety, and optimize delivery processes.

Karooooo Ltd. is headquartered in Singapore, but it serves a broad range of markets globally. The company operates in South Africa, the rest of Africa, Europe, the Asia-Pacific region, the Middle East, and the United States. Its software solutions are used by customers in these regions, including consumers, sole proprietors, small and medium-sized businesses, and large enterprises. The company was founded in 2001, and its international presence reflects its growth from a South African-focused business to a global provider of mobility and logistics software.

Karooooo generates revenue through its three business segments: Cartrack, Carzuka, and Karooooo Logistics. Cartrack is its primary revenue driver, offering a mobility SaaS cloud platform that provides fleet management, field worker management, video-based safety, and delivery management solutions. Customers pay for subscriptions or usage-based fees for these services. Karooooo Logistics provides software for last-mile delivery and operational logistics, likely generating revenue through similar subscription or transaction-based models. Carzuka operates a vehicle buying and selling marketplace, both physical and e-commerce, earning fees or commissions from transactions. The company serves a diverse customer base ranging from individual consumers to large enterprises, which helps stabilize its revenue streams.