Sendy to go for second fundraising: Report
Sendy, the Kenya based on-demand logistics firm that allows its customers to order courier services over their mobile phones, is reportedly going to raise a second round of funding to expand in East Africa.
November 19, 2018: Sendy, the Kenya based on-demand logistics firm that allows its customers to order courier services over their mobile phones, is reportedly going to raise a second round of funding to expand in East Africa.
The tech start-up has so far raised $3 million. The company has earlier found its investors in Safaricom, Toyota East Africa and Dutch investor DOB Equity.
According to a report from Reuters, Sendy's chief operating officer Malaika Judd has said that the company would be “doing a series B investment round hopefully before the end of the year”.
At a time, when transporting cargo remains a daunting task in Africa, the tech disruptor has strengthened its base to reshape the road freight sector with its app linking delivery drivers with customers.
Sendy, which has four founders, employs 60 people, half of them in engineering.
Judd also said the most realistic exit for them would be an acquisition by another large logistics company, keen to modernise its operations.
