On-line home cleansing enterprise SweepSouth has suspended actions in Nigeria shortly after its entry into the market, citing an unfavourable international macroeconomic setting.
Launched in 2014, the South African startup offered on-line on-demand residence cleansing providers with as much as 40,000 bookings per thirty days throughout its three markets – South Africa, Kenya, and Egypt and later made its entry into the Nigerian market in June 2022.
The startup had raised $11 million in its newest funding on September 2022, during which it disclosed that the funds will probably be used to drive its growth and develop its infrastructure in international locations the place it operates.
SweepSouth, nevertheless, introduced it was ceasing operations efficient November 25, 2022, after working in Nigeria for under 5 months, and that prospects will obtain full refunds for any bookings which have been paid for upfront and full refunds for Sweepcred loaded within the prospects’ accounts.
“This has been a troublesome choice to make contemplating our ardour to serve the Nigerian market,” the corporate wrote in a press release on its web site. “Whereas we’ll now not be working in Nigeria, we’ll proceed to maintain abreast of actions within the Nigerian market and work in direction of a possible re-entry into the market at a later date,” the assertion learn.
SweepSouth says it could proceed to supply its providers in South Africa and Egypt the place it has operations.