Fullscreen capture 04112015 164157

Sendy, the Kenyan on-demand logistics startup, has received an undisclosed amount of funding from Safaricom’s $1 million venture fund, Spark Capital.

The funding is part of a larger round where, Kernel Fund, Savannah Fund, Hello Media and angel investor, Tom Macakiage participated.

An earlier TechMoran report quoting unnamed sources says that Sendy may have received up to KES 22 million ($215, 959) from Spark Fund alone – the first to do so among the more than 400 startups that have applied to benefit from the fund.

“Having Safaricom believe in us enough to come on board as an investor is a big boost to our business. We intend to use the funds received to invest in our infrastructure, improve our platform, roll out new features and services and grow our team so that we can provide an even better customer experience,” Meshack Alloys, Sendy CEO, says in a media statement.

Part of the partnership will see Sendy use the ubiquitous M-pesa (owned by Safaricom) as its major payments gateway.

Sendy uses a model like UberRush to allow independent operators fulfil for e-commerce outlets. The startup launched last year. 

More From TC
The War Against Cash Is Solving The Wrong People’s Problems
Cabal, startups
22nd October 2018

Many cashless society initiatives don’t really solve merchant problems. The solutions that will win in the end will be the ones that can combine payment services with value-added services to help the merchant make more money and the consumer pay in a more effective and rewarding way.

An Unlikely Band Of Entrepreneurs Are Reducing Cost, Wait Times In Nigerian Hospitals
startups
14th November 2018

Through an unlikely alliance, the founders of Helium Health are using their product to improve outcomes for healthcare service delivery in Nigeria.

Lara.ng Is Getting People Around Lagos In A Way That Google Maps Can’t
startups
12th November 2018

From infrastructure to city planning and mobility trends, a unique marriage of technology and data has the potential to birth a new age of socio-economic advancement in Nigeria. Lara.ng is proof of that.

Despite Increase In Tariffs, Nigeria’s Solar Industry Remains Resilient
people, startups
7th November 2018

For some solar startups, instead of increasing prices, they have had to absorb the extra charges from the Nigerian customs.


TechCabal is a Big Cabal Media brand



Copyright © 2018
All rights reserved

Privacy & Terms