Why you’ve not heard from Traclist in a while

by | Jul 13, 2017

Amidst saturation of the eCommerce space, the founders of Traclist managed to carve a niche for themselves in fashion-focused eCommerce. So much so that the startup generated revenue in excess of ₦80 million in 2015 alone.

However, the following years have been much drag for the startup — its existence appears to have become a fading memory, with some wondering whether they are still in operation. Rumour had it last year that Traclist was shutting down.

slim 45 of 50

L-R: Emotu Balogun, Segun Afolahan, Traclist founders

Techpoint recently reached out to the one of the founders, Emotu Balogun, who confirmed the rumour.

“We have temporarily shut down Traclist and are working on a new product”, Emotu told Techpoint

Emotu had earlier confirmed, in an email response to Techpoint last year, that Traclist was indeed undergoing a number of internal changes. What the mail didn’t give an inkling to was the reason(s) underlining such a move. Perhaps, the apparent long radio silence from the startup  buttresses how hard it is to sustain an eCommerce outfit in Nigeria.

It’s not all a bad news for the founders though; the ‘new product’ in question plays within the logistics arm of eCommerce. When pressed to share more insight about the new venture, Emotu refused to oblige. Regardless, we wish Emotu and Segun luck in this new endeavour.

Ifeanyi Ndiomewese
Ifeanyi Ndiomewese

Ifeanyi is a desk reporter-turned administrator. Outside of work, I love to read and travel.


Are you in tech and you are looking at getting a foreign remote job or you want to move abroad? Fill this form and you will get the BEST resources to help you get that high paying remote job as well as japa easily! WAGMI!

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Recent News

TikTok on a “Branded Mission”

TikTok on a “Branded Mission”

On #TechpointDigest, we discuss Autochek’s new acquisition, TikTok’s Branded Mission, Bamba’s $3.2 million seed, and Jumia’s report for Q1 2022.

[PODCAST] Tax evasion in Nigeria to get harder

[PODCAST] Tax evasion in Nigeria to get harder

Using data mining and machine learning, Nigeria’s Federal Inland Revenue Service plans to make it harder to evade taxes. Listen to today’s episode of #TechpointAfricaPodcast to learn how it plans to do that.

Subscribe to Techpoint Digest!

A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day!

Please check your email to confirm your subscription.

Subscribe to Blockchain Explorer

Analysis oninnovation, regulations, and trends inthe blockchain sector, as it concerns Africa

Please check your email to confirm your subscription.

Subscribe to The Experts

A bi-weekly where tech career specialists take us on their journey from newbie to expert, and how they became successful in the industry.

Please check your email to confirm your subscription.

Subscribe to Founder's Table

A monthly series, where we catch up with founders in the startup ecosystem, learn about their failures, successes and a few tricks of the trade

Please check your email to confirm your subscription.

Copy link
Powered by Social Snap