Nigerian online grocery startup, Gloo is shutting down ecommerce operations

Seven years after its launch in June 2012, one of Nigeria’s pioneering online grocery startups Gloo.ng just announced they will be shutting down ecommerce operations in February.

The information was sent out on Twitter from @docolumide, the official twitter handle of Olumide Olusanya, founder and CEO of the company, or ‘Chief Glootian’ as he likes to be called.

Fellows, listen up! We’ve BIG news coming out of @Gloo_ng next month! We’ll be shutting down our ecommerce business & will be launching a new business we’ve built past 18months in stealth!💪🙌🏻

Ahead of that time, we’ll be selling off our inventory @ 50% discount! Stay tuned! https://t.co/NRtGCgdJqU

“Fellows, listen up! We’ve BIG news coming out of @Gloo_ng next month! We’ll be shutting down our ecommerce business & will be launching a new business we’ve built past 18months in stealth!💪🙌🏻 Ahead of that time, we’ll be selling off our inventory @ 50% discount! Stay tuned!, ”  the tweet read.

In the thread that followed, Olumide Olusanya, the medical doctor turned tech entrepreneur, did not offer any reasons for the change.

He however quoted an earlier tweet speaking about change and dismissed ecommerce in Africa in very strong words.

In an earlier interview with Techpoint, Olumide said the goal for Gloo was to be the biggest supermarket in Nigeria.

“Our vision is very clear – to become Nigeria’s biggest supermarket. Don’t mix it up. We are already Nigeria’s biggest online supermarket. The race we are running is to be as big as Shoprite and Park n Shop,” he said.

See also  Y Combinator-backed Nigerian fintech startup Paystack closes $1.3M seed round – VC4A

With the scrapping of ecommerce and announcement of a new business, it seems this goal post for Gloo will change.

On February 8, 2019, in Lagos Nigeria, Nerds Unite will expose IT professionals to the latest radical technologies available for business and their application to the Nigerian business landscape. Register now to attend.

On the 26th of January, 2019, over 5000 SME and startup founders, investors and other industry stakeholders will convene at Techpoint Build West Africa. Register now to be a part of the movement.

This content was originally published here.