Sendbox Analysis: $2M Raised
What is Sendbox?
Sendbox offers local and international delivery services for e-commerce and social commerce sellers, streamlining shipping and payment processes for personal and business needs.
Employees
25
Founded
2018
Revenue
$5-9.3M
ZoomInfo
Product Features & Capabilities
- Local and international shipping, e-commerce payments, bill payments, one-off deliveries, platform integrations, services for offline, online, and social sellers, visibility and distribution for retailers and brands, courier operations improvement, marketplace automation, agent and franchise partner
Pricing
-
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
How much Sendbox raised
s for Sendbox: - $1.8 million
October 2021Lead Investor: 4DX Ventures, Enza Capital, FJLabs, Golden Palm Investments, Flexport, Y Combinator
Who are the founders of Sendbox
EB
Emotu Balogun
Co-founder & CEO
OA
Olusegun Afolahan
Founder
Competitors Overview
Sendbox operates in the local and international delivery services market, primarily targeting e-commerce and social commerce sellers. Its main competitors include:
- Topship: Founded in 2020, Topship offers a shipping platform that facilitates the import and export of parcels, cargo, and freig
Business Model
Revenue from delivery fees, escrow services, and merchant subscriptions for e-commerce solutions.
Market Focus
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.
Investors
- 4DX Ventures
- Enza Capital
- Y Combinator
- FJ Labs
- Golden Palm Investments
- Flexport
- Microtraction
- Decentralized VC
- Launch Academy
- Kepple Africa Ventures
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