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XL Africa Entrepreneurs
Sendy solves the problem of the non-functioning national postal system in Kenya. Without complete addresses, mailboxes or residential deliveries, most Kenyans default to couriering their packages on their own. Thus, individuals and businesses typically have to pay large sums of money to a private courier company on a fixed contract or rely on informal options to move their packages. This means no insurance, no transparent pricing, and services are often unreliable or unaffordable. Sendy is the delivery partner for moving packages in Kenya. Sendy provides an app and web platform that enables individuals and businesses to connect with drivers to request on-demand or scheduled courier services anytime, any day, 24/7. To support its mission, the company partners with drivers (boda, vans, pickup trucks, 3-ton trucks, etc), extensively vets and trains them, and then connects them to Sendy’s GPS enabled tracking and dispatching system where individuals and businesses can request and track their courier services.
Sendy makes 11,000 deliveries every month – which generates $65,000 in revenue. This is carried out by around 300 active drivers. They have more than 1,500 business accounts, notable of which are Highlands, African Cotton, Toyota, Crown Beverage and Safaricom. Sendy’s growth rate, month-on-month, is 22%. Sendy has raised $1.07m in three rounds since 2014. Investors on board include the Spark Fund, the Savannah Fund and Grey Elephant Ventures.