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Meshack Alloys, Sendy co-founder, confirmed the sale to TechCrunch but declined to offer further details.

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 pro...

The logistics and fulfilment sector in Africa is a critical aspect of the continent's economic development.

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

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

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.

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.

Discontinuing the Supply service has affected 20% of its workforce. The layoffs have so far affected 84 employees.

Logistics firm Sendy has cut 10 percent of its workforce of 300 on a funding drought that has hit Kenyan startups.

German-headquartered DB Schenker has had to change with the times despite its rich heritage in the cargo industry, including investing in drones and e-trucks.