Wednesday, 9 August, 2023

Kenyan Logistics Startup Sendy Shuts Down and Initiates Asset Sale

Kenyan logistics startup Sendy has announced its shutdown and the commencement of an asset sale. The company, which previously operated a platform connecting customers with delivery drivers, cited challenges in its business model and market dynamics as reasons for its closure. The decision to liquidate assets aims to settle outstanding obligations and ensure an orderly wind-down of operations.