Ensogo announces on on Jun 21, 2016 that they are shutting down all business units in Southeast Asia and laying off staff.
“Ensogo Australia […] will no longer provide financial support to its subsidiary Southeast Asian flash sales and marketplace business units. These business units will be shut down. All staff have been informed and communications will be made to customers in the coming days,” it said in a statement sent to Tech in Asia.
The company’s co-founder Kris Marszalek has also quit his CEO post.
“This decisions have been made to preserve the company’s cash for new investment opportunities,” Ensogo continued.
They were formerly known as iBuy, Ensogo owns a network of ecommerce websites in Hong Kong, Singapore, Malaysia, the Philippines, Indonesia, and Thailand. It is owned by Catcha Group of Patrick Grove, who also established online businesses iProperty, iCar, and iFlix.
Unfortunately, there still unpaid Merchants here in the Philippines who said that Ensogo is scamming people since the Ensogo Philippines website http://www.ensogo.com.ph/ is still online and operational.
Merchants as early as last months have already been complaining that they’re not getting payments from Ensogo.
One merchant has complained that she still has half a million pesos collectibles from Ensogo, who was interviewed by ABSCBN News.
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