Sendy, a Nairobi, Kenya-based on-demand delivery platform, raised USD 2m in funding.
Goodwell Investments made the investment.
The company intends to use the funds to expand operations and its business reach to cover all East Africa in the near future.
Sendy leverages user-focused technology platform to connect individuals and businesses to third party delivery drivers across Africa.
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.
The company, which launched in Nairobi, Kenya, in 2015, currently covers Kenya, Uganda and Tanzania.
Sendy has now completed over 180,000 deliveries, has more than 700 drivers on its platform and posted revenues of USD 1.5 million in 2018.