The solution aims to offer efficient logistics solutions to retailers in a context marked by rising transportation costs, which cost some retailers their operating profits.
Renda is a digital platform developed by a Nigerian eponymous start-up. It helps online businesses streamline their order fulfillment and retail distribution process across Africa.
The solution provides access to storage warehouses, inventory management, order processing, or even real-time delivery tracking solutions, making the delivery chain more reliable, and lifting a burden off businesses’ necks. Renda also allows van owners to get money by putting their vans for hire for deliveries.
To access its services, users have to fill out an online form, state the reason they are getting in touch and wait for the startup to contact them for further details.
Renda claims more than US$10 million of orders fulfilled in ten cities, 90+ warehouses, over 300 drivers, and a 96% fulfillment rate. It is among the nine African startups selected for the 2022 Techstars Toronto accelerator. It will thus undergo a 13-week mentoring program, a US$120,000 equity investment, and the opportunity to pitch for additional financing during demo days.
Adoni Conrad Quenum