Sendy has announced that it has received financial support from MOL Plus Co. Limited, the corporate venture capital of investors, in an effort to expand fulfillment services in Kenya, Nigeria, Uganda, and Côte d’Ivoire. This is coming a month after the Kenyan startup conducted the second round of layoffs.
Sendy offers the simplest way for companies of any size to move goods through a spectrum of fulfillment services, empowering them to boost productivity and growth.
Direct fulfillment helps businesses that need to deliver goods to customers. Smart fulfillment makes it easier for e-commerce and B2B business owners to pick up products, sort them, and have them delivered to customers, and all-in-one fulfillment helps online businesses operate more efficiently by picking up parking, storing, and shipping their orders.
“There are numerous opportunities to reduce inefficiencies in supply chains and logistics throughout Africa.
“As we continue to provide more value and more solutions to help the merchants we serve grow and be treated better, we believe that our financial and operational partnership with MOL plus and MOL logistics will have a significant positive effect on not only the growth of Sendy and its fulfillment network.
Mesh Alloy, CEO and Founder of Sendy made continued his statement, saying: “we will collaborate with MOL Logistics to take advantage of their strengths and knowledge in logistics and cross-border fulfillment in order to expand our services and network of clients.”
MOL Logistics offers comprehensive logistics and supply chain options to companies around the globe. MOL Plus, MOL’s corporate venture capital fund, invests in high-impact businesses that are reshaping the ocean shipping industry and logistics.
The union of MON and Sendy creates an avenue for fantastic synergies that will streamline logistics for enterprises. To provide its customers in transportation and freight more mid-mile and last-mile services, MOL will collaborate with Sendy.
“We made a very deliberate decision to invest in Sendy because of the solution they provide and the fact that we have a shared objective. We all want to make logistics more democratic and help African companies transport your goods safely and economically.
We anticipate a dynamic cooperation. As we create this joint commission with Sendy, we aim to engage with partners who have creative ideas like Sendy by forging valuable synergies and collaborations,” says Takuya Sakamoto, representative of MOL Plus.
Techbuild’s Take
For e-commerce and consumer companies, Sendy is a tech company that creates fulfillment infrastructure. By facilitating trade, our goal is to enable individuals and enterprises.
They collaborate with financiers, payment networks, logistics service providers, warehousing providers, regulators, and suppliers of consumer goods and services to make it simple for businesses using Sendy to sell their products, transport their goods, and obtain financing.
By offering the simplest means for companies of any size to transfer goods, Sendy hopes to expand its fulfillment operations across the continent and help those companies become more efficient and successful. This is consistent with its goal of empowering individuals and businesses by facilitating commerce.
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