Logistics start-up Sendy hit by funding drought, fires 20pc of workers

SENDY-ride

Sendy vice president Chris Nyaga. FILE PHOTO | NMG

Logistics firm Sendy has shut down its retail and supplier trading platform known as Sendy Supply, and axed 20 percent of its workforce amid funding challenges.

Sendy has been forced to restructure on a funding drought that has hit Kenyan start-ups as developed economies raise the cost of lending.

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