Kenyan logistics company Sendy raises funding from Japanese corporate VC
Kenyan logistics platform Sendy has announced funding from MOL PLUS, which is the corporate venture capital arm of Japanese shipping company Mitsui O.S.K. Lines. MOL PLUS has joined existing Sendy investors as part of a new undisclosed investment round to help scale fulfilment services in Kenya, Uganda, Nigeria and Côte d’Ivoire.
Through a portfolio of fulfilment services, Sendy provides a solution for businesses of any size to move goods, enabling them to drive more efficiency and growth.
“The opportunities to improve logistics and supply chain inefficiencies across Africa are great. We believe our financial and operational partnership with MOL PLUS and MOL Logistics will drive a huge impact not only for the growth of Sendy and its fulfilment network but also for the merchants we serve as we continue to offer more value add and solutions to help them grow and trade more. We will work with MOL Logistics to leverage their strengths and expertise in logistics and cross-border fulfillment, to grow our services and network of businesses we serve,” said Mesh Alloys, founder and CEO of Sendy.
“We were very specific in choosing to invest in Sendy because of the solution that they offer; we share a common goal. We all want to democratise logistics and support businesses in Africa to move their goods reliably and affordably. We look forward to an exciting partnership with Sendy as we forge this joint mission. We endeavour to work with partners with innovative ideas like Sendy through creating synergies and collaborations that will generate value,” said Takuya Sakamoto, representative of MOL PLUS.