Peter Kahi of PKF has been appointed as an administrator of Sendy Group of Companies.
Following the appointment, all the affairs, businesses and properties of the companies are being managed by the administrator. The directors of the companies no longer have any power to deal with these matters.
“Any party having a claim against the companies should submit their claim in writing, together with relevant supporting documentation and proof of debt for, to the administrator on or before 19 October 2023 for consideration.
Sendy Group of companies comprise, Sendy Kenya Freight, Sendy Limited, Sendy Store Limited, and Sendy Kenya Marketplace. The company as at late last year was valued at over $80 million.
Last month, Media reports indicated that the logistics startup is shutting down its operations and exploring sale of its assets.
Co-founded eight years ago, it has raised $26.5 million in disclosed funding from several investors, including Toyota Tsusho, Atlantica Ventures, VestedWorld, Keppel Capital, Enza Capital, AAICA Investment Pte Ltd, Sunu Capital and Goodwill Investments.
The startup in October last year axed 20 per cent of its workforce.
Sendy, Toyota Tsusho acquire stake in West African logistics startup Kamtar – Kenyan Wallstreet
