M&A in startup logistics – Sendy acquires Côte d’Ivoire based Kamtar

Sendy, a Kenyan logistics startup, has invested in Kamtar, a Côte d’Ivoire based digital logistics startup. Kamtar provides the transportation of small sensitive goods in large quantities or large volume goods and is available nationally and in the sub-region in West Africa. The startup now has over 5,000 drivers on its network which creates synergies for effective delivery operations and cost savings. The investment will provide opportunities for Sendy to expand its operations into West Africa and the company prefers to grow substantially through mergers and acquisitions within the logistics sector.

Sendy is an on-demand logistics company that operates on mobile phones and has over 50,000 customers and 4,000 businesses in Thika, Mombasa, Kisumu and Nairobi. Investment in technology efficient companies in Kenya has been rising consistently and includes smaller players in the market. Since its establishment in 2015, the startup now operates in Kenya, Uganda and Tanzania. Sendy investors include the Dutch impact fund (DOB Equity) and a fund that is a subsidiary of the Toyota Corporation among others. The stake acquired or the acquisition amount for Kamtar was not disclosed.

Posted in .

Leave a Reply

Your email address will not be published.