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Kenyan logistics startup Sendy shuts down, embarks on asset sale

Sendy, a Kenyan logistics startup that enabled retailers to purchase FMCGs directly from manufacturers, among other services, is shutting down its operations and exploring a sale of its assets, TechCrunch has learned. Last July, it announced a 10% cut of its workforce, which Alloys noted was in response to the “current realities impacting tech companies globally.” Since then, however, Sendy’s workforce has been pruned further in more cost-cutting measures (shuttering a product line and exiting a market). ....

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More job cuts loom as Sendy changes course in Nigeria

The new changes imply that Sendy will abandon on-the-ground operations in Nigeria for “a fully-integrated tech solution.” ....

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After laying off 30% of its workforce, Sendy receives funding from Japanese VC MOL PLUS

The funding negotiations with MOL PLUS appear to have coincided with Sendy’s aggressive cost-cutting over the last three months. ....

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Logistics start-up Sendy hit by funding drought, fires 20pc of workers

Logistics firm Sendy has shut down its retail and supplier trading platform known as Sendy Supply, and axed 20 percent of its workforce amid funding challenges. ....

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Sendy lays off employees in restructuring move amid funding challenges

Sendy the logistics firm has shut down its retail and supplier trading platform known as Sendy Supply. It has also laid off 20 percent of its workforce amid funding challenges. ....

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