Fundraising Fox

Sendbox

YC W21

Lagos, NG · Founded 2018 · 25 employees · 9 known investors

Sendbox is a logistics and delivery platform that enables local and international shipping for e-commerce sellers, social commerce merchants, and individuals. The platform provides payment processing, delivery services, and a marketplace infrastructure for retailers, brands, couriers, and platform operators.

Also known as Sendbox.co

Founders & leadership· Y Combinator alumni (W21)

Sendbox was founded in 2018 by Emotu Balogun and Olusegun Afolahan.

EBEmotu Balogun
Emotu Balogunin𝕏Co-Founder / CEO / CTOEmotu Balogun co-founded and led a fashion marketplace serving Nigerian merchants before co-founding Sendbox, where he serves as CEO. He has over 10 years of experience in software and product development.
OAOlusegun Afolahan
Olusegun AfolahaninCo FounderFounder of Sendbox, a logistics and delivery platform serving e-commerce sellers, social commerce merchants, and individuals with payment processing and fulfillment services.

Investors · 9

Also in the syndicate · 1

Golden Palm Investments

Company profile

researched Aug 2026

Sendbox is a Lagos-based e-commerce fulfilment and logistics platform serving merchants in Africa. Launched in 2018, it provides local and international delivery options for small-scale sellers that trade through their own online channels or social media platforms such as WhatsApp, Instagram and Facebook but lack their own delivery capability. The platform gives merchants a single place to manage domestic deliveries within Nigeria alongside international shipments to the EU, UK, US and Canada, and is accessible through iOS and Android apps, a web application, messaging and social platforms, and developer APIs.

Beyond shipping, Sendbox offers e-commerce payments with escrow, bill payments, virtual accounts and payment profiles, plus a delivery management layer that aggregates third-party logistics providers and enables tracking. Its stated service segments cover individuals with one-off shipments, offline/online/social sellers, retailers and brands seeking distribution, couriers wanting to extend their network, platforms and marketplaces needing embedded payments and deliveries, and agents or franchise partners. An e-commerce storefront product allowing merchants to create an online store and be discovered by buyers is listed on the company's site as forthcoming, with merchant categories including everyday essentials, fashion, hair extensions, groceries, food, cosmetics and beverages.

The company has described its ambition as building the operating system for e-commerce in Africa, starting with logistics and fulfilment and moving next into financing and payments, followed by e-commerce and marketplace integrations across West Africa and beyond.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Cumulative deliveriesOct 2021200,000 deliveries
HeadcountAug 202646
Merchants servedOct 202110,000 merchants
Merchants served (local and international fulfilment)Jan 20217,500 merchants
Monthly revenue growthOct 2021Monthly revenues doubled since March 2020
Team sizeJan 202125 employees
Total funding raisedOct 2021$2M
Year-on-year growth since launchOct 2021300%

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 2

launches, deals, and filings
Oct 2021
Sendbox raises $1.8M seed round led by 4DX Ventures

Sendbox announced a $1.8 million seed round led by 4DX Ventures with participation from Enza Capital, FJ Labs, Golden Palm Investments, Flexport and Y Combinator, bringing total investment to $2 million. Proceeds were earmarked for expansion into other West African countries, product development and hiring.

$1.8M source ↗

Jan 2021
Participated in Y Combinator Winter 2021 batch

Sendbox took part in the Winter 2021 cohort of the Y Combinator accelerator.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Sendbox do?
Nigerian e-commerce fulfilment platform providing local and international delivery and payments for small online and social-commerce merchants.
Who founded Sendbox?
Sendbox was founded by Emotu Balogun, Olusegun Afolahan in 2018.
Who are Sendbox's investors?
Sendbox's investors include 4DX Ventures, Enza Capital, Flucas Ventures, Kube VC, Microtraction, Timon Capital, Y Combinator, Musha Ventures.
Where is Sendbox headquartered?
Sendbox is headquartered in Lagos, NG.