Sendy, a Kenyan company that helps with logistics and fulfilment, has said that MOL PLUS, the corporate venture capital arm of Mitsui O.S.K. Lines, is giving it money as part of a new, undisclosed round to help it grow its fulfilment services in Uganda, Ivory Coast, and Nigeria.
Sendy makes it easy for businesses of any size to move goods. Thousands of companies use its platforms and application programming interfaces (APIs) to sell and deliver goods to their customers. The company was started in Kenya and has since expanded to Ivory Coast Uganda, and Nigeria and it plans to grow all over Africa.
MOL PLUS funding, which is part of a larger round, will be used to advance that purpose.
Africa has a lot of room for improvement when it comes to logistics and the supply chain. We believe that our financial and operational partnership with MOL PLUS and MOL Logistics will have a big impact on the growth of Sendy and its fulfilment network, as well as on the merchants we work with, as we continue to offer more value-added services and solutions to help them grow and trade more.
Mesh Alloys, the founder and CEO of Sendy, said, “We will work with MOL Logistics to use their strengths and expertise in logistics and cross-border fulfilment to grow our services and the number of businesses we work with.”
The merger of Sendy and MOL lays the way for synergies that will streamline corporate logistics. MOL will collaborate with Sendy to provide more mid- and last-mile services to its shipping and freight customers.
We chose to invest in Sendy because of the solution they offer; we both want to reach the same goal. We all want to open up logistics to more people and help businesses in Africa move their goods reliably and cost-effectively.”
We strive to engage with partners who have creative concepts, such as Sendy, to create synergies and collaborations that generate value,” stated Takuya Sakamoto, a representative of MOL PLUS.