GoMYWAY Shuts Down

GoMyWay Is Shutting Down Business Operations

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.

GoMyWay Website

They might not have the resources like UBER and Taxify, but they have 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.

 

You might also like

One thought on “GoMyWay Is Shutting Down Business Operations

Leave a Reply

Your email address will not be published. Required fields are marked *