Sendstack
Overview
Sendstack is a Nigerian app-based platform offering B2B logistics services founded in 2021 by Emeka Mba-Kalu and Ifeoma Nwobu. Headquartered in Lagos, Nigeria, Sendstack provides businesses with tools to manage deliveries by scheduling, tracking, and automating their operations. As of October 2024, Sendstack had raised $125,000 from investors including the Norrsken Accelerator. Emeka Mba-Kalu currently serves as the CEO of the company.
Recent Developments
- October 2024: Sendstack announced a strategic pivot from its last-mile delivery service, DLVR, to a logistics management software called CTRL. This decision was made to focus on supporting corporate clients with third-party logistics partnerships by providing them with a robust digital infrastructure for managing logistics processes.
- April 2024: Reports emerged that Sendstack was shifting its business model significantly, aiming to become a logistics software provider, specifically targeting larger corporations rather than the traditional small and medium-sized enterprises.
- Early 2024: The company began onboarding customers to CTRL, emphasizing its benefits in operational efficiency and cost optimization, along with business process automation.
- December 2023: Sendstack had reportedly been working behind the scenes on their CTRL software, utilizing it internally for robust delivery operations, and differentiations stemmed from the use of this software.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2021 |
| Headquarters | Lagos, Nigeria |
| Founders | Emeka Mba-Kalu, Ifeoma Nwobu |
| Revenue | Generated $250,000 from DLVR before pivot |
| Profit | Achieved profitability with DLVR post-fulfillment |
| Key Investors | Norrsken Accelerator |
| Industry | Logistics |
| Number of Employees | 7 |
Early History
Sendstack was established in 2021 as a logistics startup focused on improving last-mile delivery services in Nigeria through its app-based platform, DLVR. From inception, the company aimed to solve logistical inefficiencies faced by small and medium-sized enterprises. The founding team, with their combined expertise in technology and operations, sought to streamline delivery processes and provide cost-effective solutions. Early on, Sendstack stood out by engaging non-traditional methods to automate delivery logistics, garnering initial traction within the local market and participating in accelerator programs like Norrsken.
Company Profile and Achievements
Sendstack’s business model initially focused on aggregating delivery services for Nigerian businesses via its DLVR platform, which helped companies manage external logistical providers effectively. However, recognizing broader opportunities, the company shifted focus to creating CTRL, a comprehensive logistics management software. This new venture has enabled Sendstack to scale operations and enhance service delivery. CTRL offers features such as delivery routing optimization, partner communication streamlining, and advanced analytics. Significant milestones include:
- Servicing over 20,000 businesses with DLVR.
- Pivot from a delivery service to a logistics software provider.
- Acceptance into the prestigious ODX Accelerator program which facilitated the company’s growth opportunities.
- Implementation and successful commercialization of CTRL, gathering significant interest from traditional business sectors looking to modernize logistics operations.
Current Operations and Market Position
Currently, Sendstack operates primarily through its software CTRL, which positions it in the competitive B2B logistics technology sector. By focusing on large corporations with existing logistics frameworks, Sendstack aims to streamline delivery processes, thereby promoting efficiency and cost savings. As of late 2024, the firm has started expanding its footprint outside Nigeria, targeting emerging markets characterized by fragmented logistics landscapes such as Southeast Asia. Sendstack’s competitive advantage lies in its ability to offer integrated logistics solutions that cater to operational scalability and market-specific needs.
Sendstack Founder
Emeka Mba-Kalu, co-founder and CEO of Sendstack, plays a vital role in its strategic direction and growth. Mba-Kalu brings extensive experience from working in different sectors and aims to transform traditional logistics through digital integration. Under his leadership, Sendstack has successfully transitioned from a delivery service to a tech-driven logistics platform.
Sendstack Funding
As a private company, Sendstack has raised a total of $125,000 in funding from investment programs such as the Norrsken Accelerator. This funding has been crucial in aiding the company's transition to a full-fledged logistics software provider focusing on CTRL.
Conclusion
Sendstack is at the forefront of transforming logistics for Nigerian businesses and beyond. By shifting focus towards providing logistics management software, it opens new avenues for growth and market expansion. Its strategic innovations and emphasis on technology-driven solutions are driving the transformation of logistics operations across Africa and promising scalability in other emerging markets, positioning Sendstack as a vital player in the rapidly evolving logistics sector.