Sendy, a Kenyan logistics firm has been put under administration after failing to get a buyer. The group’s affiliates have been put under Peter Kahi of PKF Consulting (K) Limited adminstration effective September 20, 2023.
The companies Sendy Kenya Freight Limited (company number PVT-Q7UDVX5), Sendy Limited (company number CPR/2014/140428), Sendy Store Limited (company number PVT-PIUQRL9), and Sendy Kenya Marketplace Limited (company number PVT-MKUJX57) are part of Sendy Group which ran out of cash to run its operations.
Founded in 2015 by Meshack Alloys, Evanson Biwott, Don Okoth, and Malaika Judd, the logistics startups bringing together and connecting trucks, delivery vans and motorcycle riders to delivery jobs and fulfillment centers digitally hoped to make money out of the transport business serving digital commerce platforms.
Last year, Sendy fired 20% of it workforce due to bad economic conditions and funding challenges. The company said in a statement,that “the move was done in full adherence to applicable laws and industry best practice. All employment and contractual terminal benefits were duly paid to every affected employee. Our staff have always been our biggest asset as a company. We have always valued their diverse talents and, more critically, their welfare. Decisions impacting them are not taken lightly. We will continue to focus on creating solutions for businesses across the continent in line with our mission of empowering people and businesses by making it easier to trade.”
Despite raising over KES 2 billion in funding from firms such as Atlantica Ventures and Toyota Tsusho Corporation and additional funding from MOL PLUS last year, the firm has not been able to survive the post-COVID economic conditions and bad uptake of eCommerce and freight in the country.