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.
