Addressing Challenges in the Nigerian Logistics Sector

The logistics industry in Nigeria faces numerous challenges, including poor infrastructure and inefficiencies, hindering businesses' ability to move and store goods effectively. While many startups have tackled middle-mile and last-mile delivery challenges, Renda steps in to provide a comprehensive end-to-end fulfilment solution, simplifying order fulfilment and retail distribution for businesses in Africa.

Fueling Growth and Expansion

Renda recently closed a $1.9 million pre-seed round, with plans to utilize the funds to enhance its offerings, expand into more cities in Nigeria and Kenya, and strengthen its partnership network across these markets. Ingressive Capital led the equity portion of the round, with participation from Techstars Toronto, Magic Fund, Golden Palm Investments, Reflect Ventures, and Vastly Valuable Ventures. Additionally, Founders Factory Africa and SeedFi contributed $600,000 in debt funding.

Aggregating End-to-End Infrastructure

Unlike traditional logistics companies, Renda adopts an asset-light approach, leveraging existing resources across Nigeria to provide flexible storage, order processing, delivery management, and cash collection services. With over 300 warehousing partners, 3,000 delivery assets, and 2,000+ cash collection partners, Renda's extensive partnership network enables businesses to streamline operations efficiently.

Customer Focus: Serving Diverse Industries

Since its inception, Renda has evolved to cater to various industries, including e-commerce, FMCG manufacturing, agriculture, and manufacturing. With a clientele that includes OmniRetail, Jumia, M-KOPA, and Dangote, Renda's solution addresses the diverse logistics needs of businesses nationwide, emphasizing enterprise-level entities committed to long-term contracts.

Driving Value Through Five Key Drivers

Renda's revenue model revolves around storage, fulfilment, vehicle booking, deliveries, and cash collection, offering flexible pricing based on clients' specific requirements. By prioritising transparency and cost-effectiveness, Renda maximizes the value delivered to its customers while ensuring profitability and sustainable growth.

Future Outlook: Scaling Innovation and Expansion

As Renda continues to innovate and expand its footprint, it plans to introduce embedded finance products for partners, leverage AI for process automation, and expand into new markets across East Africa. With a mission to simplify logistics operations and empower businesses to thrive, Renda remains poised for further growth and impact in the African logistics ecosystem.

Empowering Businesses, Transforming Logistics

Renda's transformative approach to logistics is reshaping the fulfilment landscape in Africa, offering businesses unparalleled access to end-to-end infrastructure and seamless operations. With strategic partnerships, innovative solutions, and a customer-centric focus, Renda stands at the forefront of driving efficiency and growth in the Nigerian logistics sector, paving the way for greater economic empowerment and development across the continent.