Tendo operates an e-commerce platform connecting suppliers with a network of zero-capital resellers across Africa. The platform allows resellers to market wholesale-priced products, add profit margins, and facilitate sales without managing inventory or logistics. Suppliers benefit from increased sales volume by leveraging the platform's extensive, zero-cost distribution network.
Funding
$745K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
GFLC+1Founders
Product
Problem
Many individuals lack the capital to start an online business, facing challenges related to warehousing, logistics, and upfront investment in inventory. This limits their ability to participate in the e-commerce market and generate income through online sales.
Solution
Tendo provides a social commerce platform that enables users to create online stores and sell products without requiring any initial capital. The platform offers a wide selection of products at wholesale prices, which users can then market and sell through their social networks. Tendo handles all logistics and delivery, allowing users to focus on sales and earn a profit margin on each transaction. By removing the barriers to entry, Tendo empowers individuals to leverage their existing contacts and turn them into customers, effectively starting an online business with zero upfront investment.
Target Audience
Tendo targets individuals seeking to start an online business without upfront capital, including students, stay-at-home parents, and those looking for supplementary income streams.
Features
- Access to a catalog of thousands of products available at wholesale prices.
- Tools to add a profit margin to products before sharing them online.
- End-to-end logistics and delivery handled by Tendo.
- Mobile app for managing online stores and sales.
- Reseller network to expand product reach.