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By Pascal Oparada
The harsh economic condition in Nigeria has taken its latest casualty. DealDey, another e-Commerce firm has shut down operations in the country.
As at the time of filing this report, there is no reason given for the shutdown, but a visit to the company’s website shows no active deals ongoing. DealDey is known to give live, active deals on daily basis, ranging from wears and phones to food delivery.
Launched in 2011, DealDey slowly but steadily rose to be among the premium e-commerce platforms in Nigeria.
If true, DealDey day has joined hoards of other e-Commerce companies that went under in recent years in Nigeria.
In 2017, Efritin one of the leading e-Commerce company shut down operations, citing the high cost of operations and harsh economic conditions. Nigeria went into recession in 2017.
Early in 2018, Naspers sold it stakes in Konga to Zinox Computers, owned by Leo Stan Eke, making Zinox the largest shareholder. Konga later merged with Yudala, another e-commerce company owned by Eke’s son, Nnamdi Eke.
In the same 2018, OLX, an online classified e-Commerce firm, also owned by Naspers shut down its operations in Nigeria. The company said it was yet to strike a profit, hence the reason for the shutdown.