In January 2016, the Nigerian Internet startup space was rocked with the news of Sim Shagaya’s resignation as CEO of eCommerce company, Konga. And as if that wasn’t enough, he appeared to make a complete exit from the company he founded in 2012, following a quiet removal as chairman of the board two years later.
As founder and CEO of one of Nigeria’s most valued eCommerce companies, Sim led Konga to what was a fairly successful showing in the Nigerian eCommerce space, overseeing as many funding rounds worth $127 million combined.
Even though Nigeria was an emerging market, Konga (with Sim Shagaya at the helm of affairs) alongside Jumia arguably led an unprecedented eCommerce boom that paved the way for the next Internet wave in Nigeria. If his return to the Internet startup space was ever anticipated, it probably is because of this very fact.
Around last year, speculations mounted around Sim going into agriculture. While that remains to be seen, the ex-Konga CEO took to his Twitter page last week to announce his new project — uLesson — which forays in the ed-tech space.
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