INSUBCONTINENT EXCLUSIVE:
In November, East African on-demand delivery venture Lori Systems hauled in $30 million supported by Chinese investors.Those companies have
The company plans to expand to West Africa in 2020, CEO Mesh Alloys told A Technology News Room on a call.Alloys co-founded Sendy in 2015
with Kenyans Evanson Biwott and Don Okoth and American Malaika Judd
The startup currently has offices in Kenya, Tanzania and Uganda, with 5,000 vehicles on its platform that move all sorts of goods, according
to Alloys.Sendy offers services for e-commerce, enterprise, and freight delivery for a client list that includes Unilever, DHL, Maersk,
Safaricom and African online retailer Jumia.
The company uses an asset-free model, with an app that coordinates contract drivers who own
Alloys.The company plans to use its Series B funding for new hires and to upgrade its tech
Africa Investment, Sunu Capital, Enza Capital, Vested World and Kepple Capital joined lead investor Atlantica Ventures on the $20 million
focused VC fund co-founded by Washington, DC based Aniko Szigetvari
capital by forming their own delivery services.Years later, after Jumia listed on the NYSE and expanded to multiple countries in Africa,
