Senegalese Logistics And Delivery Company Paps Raises $4.5M Led By 4Dx Ventures And Orange
01/19/22, 9:33 AM
Money raised
$4.5 million
Industry
software
Round Type
seed
Multinationals like Amazon and Alibaba have leveraged logistics infrastructure such as UPS and FedEx to create large businesses. It’s not the same in Africa, where few third-party infrastructure players exist to provide end-to-end logistics to e-commerce companies.
Company Info
Additional Info
Today the company is announcing that it has raised a $4.5 million pre-Series A round to expand its tech-enabled logistics solution across the Francophone region. The platform caters to small to large businesses, assisting them with their logistics needs, from storage and international transport to last-mile delivery. The Senegalese company owns the warehouses used to store clients’ goods and parcels. Additionally, the logistics company has a relay network of hubs close to its clients that act as delivery points. PAPS clients span a range of industries, such as banking, telecommunications and pharmaceuticals (Lo said that the company currently handles distribution for 70% of all pharmacies in Senegal). Major logistics players such as DHL and FedEx and consumer and business-focused e-commerce brands like Jumia, Glovo and Sokowatch also use PAPS for their operations in Senegal and Ivory Coast, the company said. The company will use this pre-Series A round to strengthen its tech team, build out physical infrastructure to onboard more warehouses, hubs and fleets and extend its offering to more African companies. Bamba Lo founded PAPS in 2016 to provide end-to-end logistics solutions for businesses with offline and online operations. Initially, PAPS operated a consumer-to-consumer logistics model. PAPS also provides merchants with visibility features to track and know the status of deliveries from takeoff to the point of destination. In a statement, PAPS claims to be the largest last-mile fleet in Senegal, making over 10 million deliveries across its two markets since inception.