Africa’s fulfillment and logistics enabler, Sendy, has announced funding from MOL PLUS Co., Ltd. which is the Corporate Venture Capital of Mitsui O.S.K. Lines, Ltd. (MOL).
MOL PLUS has joined existing Sendy investors as part of a new undisclosed investment round to help scale Fulfillment services in Kenya, Uganda, Nigeria, and Cote d’Ivoire.
Through a portfolio of fulfillment services (Direct Fulfillment, Smart Fulfillment, All in one Fulfillment), Sendy provides the easiest way for businesses of any size to move goods, enabling them to drive more efficiency and growth. Direct Fulfillment, supports businesses that require delivery to consumers.
Smart Fulfillment facilitates e-commerce and B2B companies to pick goods, sort, and deliver them to end customers while, all in one fulfillment improves the efficiency of online businesses through picking, packing, storage, and shipping their orders.
Founder and CEO of Sendy, Mesh Alloys, in a press statement yesterday, said the opportunities to improve logistics and supply chain inefficiencies across Africa are great.
“Sendy believes that the company’s financial and operational partnership with MOL PLUS & MOL Logistics Co., Ltd.(MOL Logistics) will drive a huge impact not only for the growth of Sendy and its fulfillment network but also for the Merchants it serve.
We will continue to offer more value add and solutions to help them grow and trade more. We will work with MOL Logistics to leverage their strengths and expertise in logistics and cross-border fulfillment, to grow our services and network of businesses we serve,” Alloys said.
MOL Logistics provides integrated logistics and supply chain solutions for businesses across the world. MOL PLUS, a corporate venture capital fund of MOL, invests in high-impact companies around the world that transform business models in ocean shipping business and logistics.
Representative of MOL PLUS, Takuya Sakamoto, said: “we were very specific in choosing to invest in Sendy because of the solution that they offer; we share a common goal. We all want to democratize logistics and support businesses in Africa to move their goods reliably and affordably. We look forward to an exciting partnership with Sendy as we forge this joint mission. We endeavor to work with partners with innovative ideas like Sendy through creating synergies and collaborations that will generate value.”
The coming together of Sendy and MOL paves the way for great synergies that will simplify logistics for business. MOL will partner with Sendy to provide its customers in shipping and freight with additional mid-mile and last-mile services. Sendy seeks to grow its fulfillment operations in the continent by providing the easiest way for businesses of any size to move goods, enabling them to drive more efficiency and growth. This is in line with its mission, to empower people and businesses by making it easier to trade.
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