Aiming to Address Social Issues in the African Logistics Industry
MOL PLUS announced its investment in Sendy Limited an African startup that operates a digital platform service for logistics. This is the first investment in an African startup by MOL PLUS.
Through a portfolio of fulfillment services , Sendy provides the easiest way for businesses of any size to move goods, enabling them to drive more efficiency and growth.
Direct Fulfillment, supports businesses that require delivery to consumers. Smart Fulfillment facilitates e-commerce and B2B companies to pick goods, sort and deliver them to end customers while end-to-end fulfillment is an all-in-one solution that improves the efficiency of online businesses through picking, packing, storage and shipping their orders.
MOL PLUS will participate in this financing with the expectation that Sendy’s logistics platform will make a significant contribution to improving logistics and fulfillment services in Africa, where demand for logistics and fulfillment services is dramatically expanding against a backdrop of economic development and population growth.
MOL PLUS will work closely with Sendy to upgrade logistics services in Africa, for example, by considering the joint operation of a logistics warehouse in Africa by Mitsui O.S.K. Lines, Ltd. (MOL) subsidiary MOL Logistics Co., Ltd. (President: Koichi Yashima, Head Office: Chiyoda-ku, Tokyo) and Sendy.
MOL PLUS continually works to generate synergetic effects based on startup companies’ innovative ideas and technologies and MOL Group’s resources through investment in and collaboration with startups, aiming to create new businesses PLUS new value for the ocean shipping industry and society.