Sendy, a Kenyan logistics company, has downsized its workforce by 20%, according to the company, citing funding challenges.
“We have paused the Sendy Supply services, our solution that provides a platform for general retailers to purchase stock at competitive prices from multiple suppliers and manufacturers. This has effectively affected 20 per cent of our workforce,” Sendy founder and CEO Mesh Alloys said.
The Logistics firm was founded in 2015 by Mesh Alloys, Evanson Biwott, Don Okoth and Malaika Judd, and wants to prioritize its fulfilment centres and transport business to leverage on uptake of digital commerce.
— Sendy Kenya (@SendyKenya) October 6, 2022
The latest development dents the firm’s expansion plans announced in 2021. It had disclosed to Bloomberg that it sought to raise $100 million to fund its expansion plan in Egypt, Ghana, South Africa and Nigeria this year.