Sendy operates an end-to-end fulfillment service and a technology platform that connects online sellers to logistics providers. The company said it is moving away from an asset-heavy model in Nigeria and will cease on-the-ground fulfillment there while keeping fulfillment operations in other markets. Sendy launched in Nigeria at the end of 2021 and currently operates across multiple African markets including Kenya, Uganda and Ivory Coast. Co-founded in 2015 by Evanson Biwott, Don Okoth and Malaika Judd, Sendy has about 220 employees and confirmed that some jobs will be lost in its latest round of layoffs. Management says the company will focus on being a fully integrated tech solution that receives orders via e-commerce plugins, ERPs or API and will advise sellers and find logistics partners, with plans to offer additional services like financial services and storefronts. The company has cited macroeconomic headwinds that have made fundraising harder and is concentrating on markets where it has attained product-market fit. Sendy is a Kenyan logistics startup with an on-demand platform that connects clients to contract drivers and vehicles for e-commerce, enterprise and freight deliveries. It operates an asset-free marketplace coordinated via an app that confirms deliveries, creates performance metrics and manages payments, and it reports about 5,000 vehicles on its platform. Sendy has offices in Kenya, Tanzania and Uganda and serves clients including Unilever, DHL, Maersk, Safaricom and Jumia. The company takes a percentage of each transaction and also facilitates services for drivers such as insurance, vehicle financing, servicing and fuel credits. Founded in 2015, Sendy plans to expand to West Africa in 2020 and will use its Series B to hire and upgrade engineering and data teams to improve operational efficiency. The new round brings Sendy’s total funding to $29 million. Sendy is an on-demand delivery platform that connects individuals and small businesses to third-party transporters via a mobile app and website. It links customers to motorbikes, vans and pickup trucks, optimizing vehicles already on the road. The company’s primary revenue stream is a per-delivery commission charged to the logistics partner. Launched in Nairobi in 2015, Sendy currently covers Kenya, Uganda and Tanzania and intends to expand to cover all East Africa. It has completed over 180,000 deliveries, has more than 700 drivers on its platform, and posted revenues of USD 1.5 million in 2018.

Total raised

$22M

Funding rounds

3

Latest round

Series B

Latest activity

Jan 2020