Sometimes in losing a battle, you find a new way to win the war.
The moment we begin to look at the startup scene in Nigeria more holistically, the closer we are to understanding that we are in a war. So, when one startup dies, that’s a battle lost. But as Donald Trump said, it’s in losing a battle that you learn to win the war. There is a lot to learn, even if, tacitly from stories of losing.
For the Nigerian startup ecosystem, 2018 is a mix of thrusts and drops. For thrusts, in the first half of 2018, 41 startups raised total funding of $82,926,199 (₦30.1 billion), that’s huge when you consider that in the whole of 2017 we raised $114.6 million. However, per drops, though less recorded, we have been able to count about seven startups that ceased operations or died quietly. For one or two of them, they might have died before 2018, but because it has not been recorded before now, we decided to include it in this year’s stats.
Because of how much context we wanted to provide, we decided to divide this post into two. This first part would consist; Konga, OLX Nigeria, Click here to read entire article
Source:: Tech city NG