Kenya’s Sendy Receives Investment From MOL PLUS To Scale

Kenyan fulfillment and logistics enabler Sendy has announced funding from MOL PLUS, the corporate VC arm of Mitsui O.S.K. Lines, as part of a new undisclosed round to help it scale fulfillment services in Kenya, Uganda, Nigeria, and Ivory Coast. The funding from MOL PLUS, which comes as part of a wider round, will be used to further that goal.

Sendy offers services for eCommerce, enterprise, and freight delivery for a client list that includes elite names like Unilever, DHL, Maersk, Kenya’s biggest telco, Safaricom, and African e-tailer, Jumia. The company uses an asset-free model, with an app that coordinates contract drivers who own their own vehicles, while confirming deliveries, creating performance metrics, and managing payment.