Exhibit A
Can i just say that the site SEO is amazing, i searched mistakenly for Dealday and it comes up flawlessly on all the search results.
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.
Be like Dele, Dele is incredible!
Get discounted tickets to Wizkid, wande coal and other shows @ https://t.co/Tft17qGzmY
Don’t say we didn’t tell you o….
https://t.co/xfiN3l8P6b — DealDey (@DealDey) December 7, 2018
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.
Source Techpoint