Nairobi based on-demand delivery platform Sendy has received a $2 million investment from Dutch impact investor Goodwell Investments.
According to a statement posted on Goodwell’s website, the will move the company closer to achieving its mission of improving the access of lower income groups to good quality basic products and services, at much lower prices.
Sendy’s technology platform connects individuals and businesses to third party delivery drivers across Africa. Sendy was the first company to offer an on-demand delivery platform in the region and while it currently covers Kenya, Uganda and Tanzania, it has announced plans to cover all East Africa in the near future.
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The on-demand platform features a mobile app and website to connect individuals and small businesses to a network of third-party transporters – motorbikes, vans and pickup trucks. This optimizes the use of vehicles that were already on the road. Sendy’s primary revenue stream is a per-delivery commission charged to the logistics partner.
“Sendy is already a gamechanger in the logistics sector,” says Joel Wanhoji, the senior investment manager of the Goodwell East Africa team.
“Its cutting-edge technology brings efficient capacity utilization and transparent pricing to a sector that was previously seen as being beyond change. Sendy’s platform is enabling savings of more than 20% on the logistics costs, which makes Sendy a good fit within Goodwell’s uMunthu mandate of providing basic goods and services to people on low and middle incomes – the majority,” he adds.