Nigeria - Startup under 3 years old

Describe your project or startup in a few words

Zendit Provides businesses with quick access to multiple and affordable courier service options for same-day delivery at their fingertips

01.01 Describe your startup in more detail

Zendit is an AI-powered logistics app that connects MSMEs to multiple and affordable courier service options for same-day delivery at their fingertips, saving up to 60% in delivery costs, and allowing them to efficiently distribute, manage, and track all their deliveries through a single channel.

01.02 What is the main problem you are trying to solve?

Over 36.9 million MSMEs provide for 80% of Jobs in Nigeria and 50% of these businesses fail in the first 5 years mostly due to financial and logistic challenges such as delivery delays, unaffordable costs, and lack of immediate access to logistics on demand leading to poor economic and business performance. There is also a great deal of stress and mix-up in managing their order distribution via multiple delivery services on calls and notebooks.

01.03 Tell us the major benefits and/or advantages of using the product/service that your startup provides (at least 3).

Our platform offers - Same-day delivery - Quick Access to multiple couriers - Affordability : Delivery Price bargain - Parcel Distribution management and traceability - Reviews and rating - Parcel Insurance - Pick up scheduling - Interstate delivery - Ability to initiate Multiple deliveries - Improved business infrastructure - Record keeping

01.04 Please describe who exactly your startup’s product/service is aimed at serving. Who are the targeted beneficiaries?

Being a logistics marketplace, Our Customer segments include MSMEs, business vendors, and online shoppers while our partners include last-mile couriers, commuters, and transporters who provide the delivery service

01.05 When was your company established?

2022-09-04

01.06 Are you already selling your product/service?

Yes

01.07 How many other owners are there within your startup?

2

01.08 Among the other owners, how many are female?

1

01.09 Please describe the profile of the other owners within your startup (skills, experience, etc.)

Abiodun Falomo, Co-founder and CEO, with over 6 years experience as a logistics manager. He is responsible for business development and ensuring that our platform is accessible to customers across Nigeria and beyond. https://www.linkedin.com/in/abiodun-promise-aa1b43126/ Peter okonmah, Co-Founder and CTO is a full-stack developer, Product developer, and IoT expert with over 8 years of experience. He is responsible for writing the codes that power our platform. https://www.linkedin.com/in/peterokonmah/ Olubisi Solagbade, Co-founder and COO with over 6 years experience in product design and sales. She is responsible for designing our product and ensuring that it is user-friendly and visually appealing. https://www.linkedin.com/in/omololasolagbade

01.10 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link(s) here:

https://zendit.ng/

01.11 Which industry best describes your project?

c) Industry (equipment, commercial, logistical and professional services, transport)

02.01.01 My startup contributes to the No poverty goal

7 - Strongly Agree

02.01.02 No poverty - Justification for my startup

Job Creation by Facilitating income generation for unemployed/underemployed individuals through the gig economy.

02.02.01 My startup contributes to the Zero hunger goal

7 - Strongly Agree

02.02.02 Zero hunger - Justification for my startup

Job creation leads to financial inclusion which provides for the ability to feed oneself

02.03.01 My startup contributes to the Good health and well-being goal

3

02.03.02 Good health and well-being - Justification for my startup

02.04.01 My startup contributes to the Quality education goal

5

02.04.02 Quality education - Justification for my startup

Through a partnership with Ashoka Nigeria, we established climate clubs in secondary schools in lagos to train and prepare the young ones for transition to a green economy

02.05.01 My startup contributes to the Gender equality goal

7 - Strongly Agree

02.05.02 Gender equality - Justification for my startup

We have also been working to onboard over 100 women to gain access to delivery gigs thereby promoting gender inclusion and help female-owned businesses expand their business reach to serve other states with their products

02.06.01 My startup contributes to the Clean water and sanitation goal

2

02.06.02 Clean water and sanitation - Justification for my startup

02.07.01 My startup contributes to the Affordable and clean energy goal

2

02.07.02 Affordable and clean energy - Justification for my startup

02.08.01 My startup contributes to the Decent work and economic growth

7 - Strongly Agree

02.08.02 Decent work and economic growth - Justification for my startup

Economic Inclusion: Providing MSMEs with access to affordable logistics solutions, thereby enhancing their competitiveness and growth potential.

02.09.01 My startup contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification for my startup

Zendit's solution empowers local communities by providing MSMEs with affordable and efficient logistics solutions, creating jobs through the gig economy, and promoting innovation within the African logistics sector.

02.10.01 My startup contributes to the Reduced inequalities goal

3

02.10.02 Reduced inequalities - Justification for my startup

02.11.01 My startup contributes to the Sustainable cities and communities goal

6

02.11.02 Sustainable cities and communities - Justification for my startup

Environmental Sustainability: Reducing carbon emissions in the logistics sector by leveraging existing commuters and couriers, contributing to a more sustainable and efficient logistics system.

02.12.01 My startup contributes to the Responsible consumption and production goal

3

02.12.02 Responsible consumption and production - Justification for my startup

02.13.01 My startup contributes to the Climate action goal

7 - Strongly Agree

02.13.02 Climate action - Justification for my startup

Environmental Sustainability: Reducing carbon emissions in the logistics sector by leveraging existing commuters and couriers, contributing to a more sustainable and efficient logistics system.

02.14.01 My startup contributes to the Life below water goal

3

02.14.02 Life below water - Justification for my startup

02.15.01 My startup contributes to the Life on land goal

4

02.15.02 Life on land - Justification for my startup

02.16.01 My startup contributes to the Peace Justice and Strong Institutions goal

2

02.16.02 Peace Justice and Strong Institutions- Justification for my startup

02.17.01 My startup contributes to the Partnerships for the goal

6

02.17.02 Partnerships for the goal - Justification for my startup

We are in affiliation with organizations executing and accelerating the SDGs such as Recycleup, Orange Corners Program, and partnerships with Ashoka Nigeria Program for climate change by establishing climate change clubs in secondary schools

06.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

7 - Strongly Agree

06.02 The product/service represents an entirely new type of product/service.

5

06.03 The product/service could be described as a new technology.

4

06.04 The product/service is an improvement on an existing product or service.

7 - Strongly Agree

06.05 The product/service could be described as an extension of a range of products or services.

4

06.06 The product/service responds to a demand or need that has not been satisfied by other products/services.

7 - Strongly Agree

06.07 The product/service is a new version of an old product/service.

5

06.08 Justification for my startup

Our solution provides the same value as a few existing logistics solutions in the market with an extra value proposition such as interstate delivery, real-time traceability, multiple delivery requests, delivery scheduling, and record keeping. We also extend our solution to other states while the competition serves the major city of Lagos.

06.09 Competitive Analysis

Existing delivery solutions like UBER and INDRIVE provide economic inclusion through digitization for businesses within the City of lagos while a large segment of the market is left unattended to such as the farmers in the rural communities and vendors with interstate customers who are unable to serve them due to logistics barriers. We provide them interstate delivery, multiple delivery requests, delivery scheduling, and record-keeping with the ability to bargain in order to get an affordable solution from the couriers and we also onboard women in the business of logistics delivery thereby promoting gender inclusion

11.05 Are you initiating actions within your community to promote the role of female entrepreneurs?

Yes, I am as evidently shown within my team. We have 1 female cofounder among 3 of us and 1 female staff member among 2 of them. Our user community is filled with 80% of the population as women