Sendbox Analysis: $2M Raised

• Local Delivery:

  • ₦5,700 for up to 2 kg within Nigeria.

• International Delivery:

  • To the US and Canada: ₦6,900 per kg (minimum 10 kg); delivery takes 7-10 working days.
  • To the UK: ₦5,950 per kg (minimum 10 kg); delivery takes 7-10 working days.
  • From Abuja to the US: ₦21,000 for 0-2 kg.

62 Old Yaba Road, off Adekunle Street, Adekunle, Yaba, Lagos, Nigeria

Sendbox operates in the local and international delivery services market, primarily targeting e-commerce and social commerce sellers. Its main competitors include:

1. Topship: Founded in 2020, Topship offers a shipping platform that facilitates the import and export of parcels, cargo, and freight. It has raised $2.8 million in funding. Notably, Topship focuses on a broader shipping service that includes both local and international deliveries.

2. Skydrop: Established in 2015, Skydrop connects businesses with local distributors for product delivery through its marketplace. It has raised $7 million in funding. Skydrop's advantage lies in its marketplace model, which allows businesses to find local distributors easily.

3. Roadie: Founded in 2014, Roadie operates a crowdsourced delivery platform, allowing users to send items via local drivers. It has raised $47.1 million in funding. Roadie's unique selling point is its crowdsourced model, which can provide faster delivery options through local drivers.

4. The Eighth Notch: Founded in 2021, this company provides technological solutions for the delivery sector and has raised $3.5 million in funding. Its focus on technology solutions differentiates it from traditional delivery services.

5. Showlove: A Nigerian social platform founded in 2020, Showlove simplifies the process of requesting, giving, and receiving gifts. It has raised $300k in funding. Showlove's focus on social gifting sets it apart from Sendbox's broader delivery services.

6. Xend: Founded in 2019, Xend is a Nigerian fintech company that provides payment and business tools for small businesses, raising $2M in funding. Xend's specialization in financial services for businesses distinguishes it from Sendbox's delivery focus.

Notable differences among these competitors include their service models (e.g., crowdsourced delivery vs. marketplace connections) and their focus areas (e.g., social gifting vs. e-commerce delivery).

Revenue from delivery fees, escrow services, and merchant subscriptions for e-commerce solutions.

Sendbox primarily focuses on the logistics and delivery services industry, specifically catering to e-commerce and social commerce sellers by providing local and international shipping solutions.

• 4DX Ventures
• Enza Capital
• Y Combinator
• FJ Labs
• Golden Palm Investments
• Flexport
• Microtraction
• Decentralized VC
• Launch Academy
• Kepple Africa Ventures