@wontiboje wrote:
I have been following closely soundbites from the eCommerce sector. One player that seems to be making too much 'noise' is Yudala. I am a bit skeptical with their 'frenzy' because they are making many implausible promises with less than one year online.
Just some days ago, they claim to have raised $70 million from unnamed foreign investors. I just got alerted by Google News that Yudala will be using drones to deliver packages. I am not saying this is not possible but coming from a young eCommerce startup, these larger-than-life posture and PR stunts of Yudala is a sending the wrong signal to discerning minds. eCommerce in Nigeria is not all-rosy, Yudala's approach might end up making many folks jobless by the time they accumulate debt.
They need to be more cautious.
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