Gloo is a Nigeria-based startup that has been providing online grocery services, where consumers can shop and pay for their groceries online and have them delivered to their doors. The startup was launched in June 2012 but has had to call it quits on January 14, 2019.
In a tweet sent out by the Founder and CEO, Olumide Olusanya, the startup announced it is shutting down the e-commerce business. They will also be unveiling a new venture they have been working on under wraps for 18 months now.
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
— D.O (@docolumide) January 14, 2019
Olusanya, a medical doctor turned entrepreneur did not give many details about why they are shutting down Gloo, and the new business they are going to launch. But I would say he had anything but kind words about e-commerce in this part of the world. I don’t know if that meant Nigeria, West Africa, or the African continent as a whole. But you can check out the thread and reach your own conclusion.