E-Commerce Sites That Closed Shop In 2011
By siliconindia
Kalahari.co.in
Due to low margin, the South African media giant Naspers through its Internet arm MIH shut down the e-commerce site Kalahari.co.in just two years after its launch. Kalahari is an online store, which borrows its concept from the world’s largest e-commerce platform - Amazon, provided a platform for the Kenyans to purchase online. The site’s operation in Kenya and Nigeria was closed after following a strategic review of investment priorities. The performance was below expectation since launch and reaching profitability was not a reasonable near-term prospect for the company, they decided to shut it down.