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Gomyway Is Shutting Down Business Operations In Nigeria by paulstrings(m): 12:58pm On Sep 29, 2017 |
GoMyWay is a ride-sharing marketplace connecting passengers with ride owners going along the same route and have empty seats to spare. Go My Way was founded by Damilola Teidi and Sim Shagaya Konga CEO on the board. I registered on the platform in 2015 during my NYSC and I saw huge potential in the online ridesharing platform. It was one of the earliest ridesharing platforms in the country. Jekalo {A CcHub ridesharing app} and GoMyWay launched around the same period, but I think GoMy way was more consistent and popular. They might not have the resources like UBER and Taxify, but they have lots of dedicated subscribers and an excellent service. Here is the mail I got from the CEO ================================================================================= Hi Paul , I hope you are doing well. It is with deep regret that I write this email to let you know that GoMyWay will be closing down. In this email, I'll let you know why we are closing as well as offer an alternative service. I hope you take a few minutes to read. In 2015, I was hired as the CEO, via recommendation by my previous employers, to run GoMyWay. The plan by its Shareholders/Investors was to run a free service for a year or two, and focus on growing the user-base. Over the last 2 years, the team put in time and effort to growing the business and building a trusted ridesharing community. We went from less than 1000 members in the first few months to 12,000+ members; 106,630 rides offered and rides shared across 16 states. However, it does take a lot of resources to run this business and the initial plan was no longer sustainable. The Shareholders/Investors came to a conclusion to shut down operations and close the business as there were no funds to invest further. I want to specially thank you for your support. I believe GoMyWay had the best community and I can write a few pages about it. We had users who spread the word about us even when we had no referral codes to give in return. I remember when Yinka visited a member and he had mentioned how everyone in his office now uses GoMyWay through him. We had users who were always available to share amazing ideas with us. It's no surprise that the second highest acquisition channel was referrals/word of mouth. It does break our hearts to end this wonderful community and we did try to keep it going, but the team has decided to keep the platform running till the end of October. From today, the signup page will no longer be accessible and customer support would also be winding down. I'm so proud of everyone that worked on GoMyWay. The business was blessed to have the most dedicated and hardworking staff who put in more than their time into this. Some of our users have come in contact with our staff, so they know I am not exaggerating. Thank you Yinka, Favour, Segun, Ope, Ayo, Busayo, Doyin and all the contract staff and interns that worked with us. God bless you immensely. Lastly, I felt it would be unfair to leave you and other users hanging with no alternative; so, if you are resident in Lagos and in need of an affordable ride to/from work, please check out the guys at Shuttlers who run an affordable shuttle service for professionals. If interested, fill out their form HERE Thank you very much, Paul; and please feel free to reply this email if you would like to reach me. I will try to reply to as many as possible. With Love, Damilola GoMyWay.com =========================================================================== My Opinion If the Investors were actually pulling out, it could have been sourced to New investors instead of collapsing the entire platform. Look at the statistics 12,000+ members. 106,630 rides. Plenty great reviews across the internet. With the above statistics, They pull in a new set of investors or go into partnership with another company. I see that they are presently referring their customers to another platform{Shuttle.ng} which might suggest a partnership deal or something similar though they promised to keep the platform running till October 2017. Whatever the reasons are, I feel GoMyWay could still be saved. Source: http://lifeafternysc.com/gomyway-is-shutting-down-business-operations/ 7 Likes 2 Shares
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Re: Gomyway Is Shutting Down Business Operations In Nigeria by geezynoni: 4:28pm On Sep 29, 2017 |
K.. .ftc... E no even hard sef |
Re: Gomyway Is Shutting Down Business Operations In Nigeria by Nobody: 4:29pm On Sep 29, 2017 |
EXPATRIATE BaBa, you see your handiwork. Thank you very much. 20 Likes |
Re: Gomyway Is Shutting Down Business Operations In Nigeria by Lothario(m): 4:29pm On Sep 29, 2017 |
Buhari ehn 29 Likes 2 Shares |
Re: Gomyway Is Shutting Down Business Operations In Nigeria by chikasin4(m): 4:29pm On Sep 29, 2017 |
Ya |
Re: Gomyway Is Shutting Down Business Operations In Nigeria by aleeyus(m): 4:29pm On Sep 29, 2017 |
Re: Gomyway Is Shutting Down Business Operations In Nigeria by centboy123456(m): 4:29pm On Sep 29, 2017 |
tttt |
Re: Gomyway Is Shutting Down Business Operations In Nigeria by Gmajor(m): 4:29pm On Sep 29, 2017 |
Buhari why? 7 Likes 1 Share |
Re: Gomyway Is Shutting Down Business Operations In Nigeria by Homeboiy: 4:29pm On Sep 29, 2017 |
I see |
Re: Gomyway Is Shutting Down Business Operations In Nigeria by T0MMY: 4:29pm On Sep 29, 2017 |
Like if this is your first time of hearing about this company. 182 Likes 1 Share |
Re: Gomyway Is Shutting Down Business Operations In Nigeria by admax(m): 4:30pm On Sep 29, 2017 |
Most people don't know what constitutes investors hence i laugh when they just mention the words any how. Investors are sets of people who are interested in one thing only; Profit! Investors are the same all over the world, the difference between them is their appetite and duration for/of taking risks. I commend their investors for allowing two years free service, who does that? It will be difficult to convince a new set of investors to invest in the business again but it's achievable. 14 Likes |
Re: Gomyway Is Shutting Down Business Operations In Nigeria by magoo10(m): 4:30pm On Sep 29, 2017 |
Over a thousand businesses have been shut down due to the ineptitudes of the clueless one,the dullard have partically de market the Nigerian economy. 27 Likes 1 Share |
Re: Gomyway Is Shutting Down Business Operations In Nigeria by babacares: 4:30pm On Sep 29, 2017 |
honestly, its painful when i read the mail, it was also sent to me, dont like seeing businesses closing down especially when it has to do with younger generations 7 Likes |
Re: Gomyway Is Shutting Down Business Operations In Nigeria by nwakibie3(m): 4:30pm On Sep 29, 2017 |
r |
Re: Gomyway Is Shutting Down Business Operations In Nigeria by ivolt: 4:30pm On Sep 29, 2017 |
Taxi business is not for chicken-hearted. Even uber is still running at a loss. 3 Likes |
Re: Gomyway Is Shutting Down Business Operations In Nigeria by SmartyPants(m): 4:31pm On Sep 29, 2017 |
I would have thought such a thing would be rather unsuitable for the Nigeria market, given the current security challenges we tend to face 18 Likes |
Re: Gomyway Is Shutting Down Business Operations In Nigeria by jeeqaa7(m): 4:31pm On Sep 29, 2017 |
Gomyway down.. Jumia hits losses Less than 40 hours left and Dstv is a thing of the past 10 Likes |
Re: Gomyway Is Shutting Down Business Operations In Nigeria by free2ryhme: 4:32pm On Sep 29, 2017 |
Our govt is not creating the enabling environment for entrepreneurs like this to grow. this is sad 4 Likes 1 Share |
Re: Gomyway Is Shutting Down Business Operations In Nigeria by mastercee(m): 4:33pm On Sep 29, 2017 |
I knew it! This business model is definitely not going to work in Nigeria |
Re: Gomyway Is Shutting Down Business Operations In Nigeria by lonelydora: 4:33pm On Sep 29, 2017 |
They even tried to stay the numbers of years they stayed. Nigeria is not a place for such business model. 7 Likes |
Re: Gomyway Is Shutting Down Business Operations In Nigeria by openmine(m): 4:33pm On Sep 29, 2017 |
Lothario:no more GEJ? 5 Likes |
Re: Gomyway Is Shutting Down Business Operations In Nigeria by chloride6: 4:33pm On Sep 29, 2017 |
Never heard of them untill today. The latter glory was greater than the former 2 Likes |
Re: Gomyway Is Shutting Down Business Operations In Nigeria by Harwoyeez(m): 4:34pm On Sep 29, 2017 |
Nawa oo..probably diligent feasibility wasn't carried out for sustainability |
Re: Gomyway Is Shutting Down Business Operations In Nigeria by momodub: 4:34pm On Sep 29, 2017 |
Some business just can't keep up with nija factors 3 Likes |
Re: Gomyway Is Shutting Down Business Operations In Nigeria by naijaisGOOD: 4:35pm On Sep 29, 2017 |
wow.. our govt need to do more and act now.. for real.. investors are leaving.. car owners within nigeria i think u need to see this out >>> https://www.nairaland.com/4086781/offline-navigation-map-cars-reverse#60947575 |
Re: Gomyway Is Shutting Down Business Operations In Nigeria by Nobody: 4:36pm On Sep 29, 2017 |
Buhari sef Head of a useless APC government 7 Likes |
Re: Gomyway Is Shutting Down Business Operations In Nigeria by stcool(m): 4:36pm On Sep 29, 2017 |
T0MMY: Why wont it be your first time when all you do on the net is browse nairaland. 11 Likes |
Re: Gomyway Is Shutting Down Business Operations In Nigeria by colli247(m): 4:37pm On Sep 29, 2017 |
paulstrings: |
Re: Gomyway Is Shutting Down Business Operations In Nigeria by ChiefSweetus: 4:39pm On Sep 29, 2017 |
Was always a tricky model. Easy to implement in developed countries. Nigeria? Lol. Good of them to have such lovely customer communication even to the very end. 3 Likes |
Re: Gomyway Is Shutting Down Business Operations In Nigeria by gemale(m): 4:39pm On Sep 29, 2017 |
Just heard about the company for the first time still it's sad. People are gonna lose jobs. |
Re: Gomyway Is Shutting Down Business Operations In Nigeria by kagari: 4:40pm On Sep 29, 2017 |
My instinct tells me this is a form of sympathetic marketing. I don't think they are leaving the market. I Why leave the market now with such market base. might be wrong though 3 Likes |
Re: Gomyway Is Shutting Down Business Operations In Nigeria by nextstep(m): 4:40pm On Sep 29, 2017 |
The notion of a running service while building a userbase haunts very many companies and it's hard to convince non-payers to become paying. Very few investors want see a company that costs a lot to run, with no revenues. |
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