Kenya’s Sendy invests in Ivory Coast-based logistics startup Kamtar to speed up pan-African growth plans
Kenyan logistics startup Sendy has accomplished a strategic fairness funding in Ivory Coast-based counterpart Kamtar to spice up the previous’s growth plans in West Africa.
Launched in 2015, Sendy provides a market for last-mile bundle supply and logistics companies, permitting clients to ship packages and paperwork utilizing a cellular utility that connects them to motorbike riders, and drivers of vans and pickup vans.
The startup is presently energetic in Kenya, Uganda and Tanzania, however introduced within the wake of a US$20 million funding spherical final 12 months that it deliberate to develop elsewhere. One of many traders in that spherical was Toyota Tsusho Company, and Sendy has now partnered with Mobility 54 Funding, Toyota Tsusho Company and CFAO’s enterprise capital arm, to accumulate a big stake in Kamtar.
Working in Ivory Coast and Senegal, Kamtar is a digital logistics startup with 5,000 drivers on its community, which connects SMEs and company companies to truckers and permits for efficient supply operations and value financial savings by eliminating intermediaries. It’s also creating a spread of value-added-services to assist their drivers entry cheaper charges on every kind of companies linked to their exercise, comparable to gasoline, insurance coverage, spare elements or financing options.
As a result of strategic funding, Sendy will be capable of speed up its subsequent section of enterprise development by launching operations in West Africa and increasing its footprint past its present operations in Japanese Africa. For its cross-continent growth, Sendy is specializing in strategic greenfield and mergers and acquisitions investments with companions within the provide chain and logistics sector.
Sendy will use its expertise, experience, and broader vary of companies to bolster Kamtar’s capabilities in Ivory Coast and Senegal, and to develop to different French-speaking West African international locations by the top of 2022.
“This strategic funding will assist us obtain Sendy’s long-term purpose of increasing our West African presence and supporting our present clients trying to develop or enter the West African market. We share a joint imaginative and prescient with Kamtar to make it simpler to commerce throughout Africa and we’re trying ahead to the chance to collaborate with Kamtar on product growth and expertise options for patrons throughout the area,” stated Mesh Alloys, Sendy’s founder and chief government officer (CEO).
Kamtar is owned by Saviu Ventures, an Africa-focused investor with a deal with early-stage startups in Francophone Africa.
“We’re excited to accomplice with Sendy and stay up for the synergies that shall be established between Kamtar’s experience in Francophone Africa and Sendy’s African community,” stated Arthur Thuet, Saviu Ventures managing accomplice and Kamtar’s president.
“Our purpose is to mix the most effective of each corporations to develop into the primary freight and logistics supplier within the Francophone area.”