This is may be a horrible year to begin another year for the technology scene in Nigeria.

Barley more than one week into the new year, about 2 tech companies have shut down.

First was Careers24 Nigeria at the beginning of the year, and now popular deal website DealDey has reportedly shutdown.

The DealDey platform is said to have been dormant since the beginning of December 2018 without any daily deals.

According to one of their customers who spoke to Bounce News on the condition of anonymity, the platform stopped honouring coupon deals since early December.

Also Read: #BounceRewind2018: Top 4 Issues That Shaped Nigeria’s Economy In 2018

According to the customer, some customers who had purchased coupons had had their moneys trapped, unable to get a refund.

Since then, all calls or attempts to contact the company had yielded no fruit.

Reports say the company has shut down its offices and asked its employees to go.

A check at the company’s website also confirmed the shutdown as there are no deals on display.

dealdey website empty

This could be another sad day for Sim Shagaya who founded the company in 2011, before founding which was also sold in 2018 for a paltry sum.

As at 2015, Dealdey was one of Nigeria’s biggest eCommerce platforms, attracting a $5 million investment from Kinnevik.

In 2016, it was acquired by Ringier Africa Deals Group (RADG), a newly-founded joint venture between Swiss Ringier Africa AG and South African Silvertree Internet Holdings (Pty) Ltd, for a mere $5 million — the owners of the company reportedly initially offered to sell for $75 million, reports TechPoint.

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