Confirmed: DealDey has shut down operations

by | Jan 8, 2019

UPDATE: No Deal; “DealDey officially died in 2015” — ex employees. READ.

Following one month of inactivity on its website and social media pages, it is confirmed that Nigerian daily deals platform DealDey has shut down operations.

According to a source close to the matter, the company shut down around the second week in December 2018, about the time when users last saw deals on its site and social media pages.

Since operations shut down in December, the DealDey offices have been closed down and workers have been let go. In the past few weeks, users have been asking questions, complaining about unanswered calls and emails, and speculating on a possible shut down.


This Facebook user links the shut down to the company’s failure to pay its vendors.

DealDey was established in 2011 by Konga founder Sim Shagaya. By 2015, it was one of the Nigeria’s biggest eCommerce platforms, attracting a $5 million investment from Kinnevik. Things however took a different turn shortly after, leading the company to lay off 60% of its workforce.

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.

I'm always open to new experiences.

Want to learn how to market your business and make more sales online? Register for SME Clinic 2021 and gain skills to grow your business. Get your Early Bird ticket now (offer ends soon).
Notify of
Inline Feedbacks
View all comments

More Stories

Subscribe to Techpoint Digest!

A daily roundup of happenings in African and global tech, sent to you every weekday!

You have successfully subscribed!

Copy link
Powered by Social Snap