---
title: "Why Nefsak shut down"
description: "Nefsak, an Egyptian e-commerce platform founded in 2008 by Sherif Nassar and backed by a roughly $600,000 Ideavelopers investment in 2011, quietly went offline with no public announcement; its social media activity dwindled between late 2014 and late 2016 and its website and Crunchbase listing eventually went inactive."
canonical_url: "https://liners.com/graveyard/nefsak"
markdown_url: "https://liners.com/graveyard/nefsak.md"
type: "graveyard"
language: "en"
image: "/graveyard/nefsak/certificate.png"
published_at: "2026-07-31T17:41:07.836Z"
updated_at: "2026-07-31T17:41:07.836Z"
---

# Why Nefsak shut down

Nefsak, an Egyptian e-commerce platform founded in 2008 by Sherif Nassar and backed by a roughly $600,000 Ideavelopers investment in 2011, quietly went offline with no public announcement; its social media activity dwindled between late 2014 and late 2016 and its website and Crunchbase listing eventually went inactive.

## Breadcrumbs

- [Graveyard](/graveyard)
- [Nefsak](/graveyard/nefsak)

## Summary

Here lies Nefsak. Once called Egypt's fastest-growing online retailer, it stocked more than eighteen thousand products for a wide market. Then its posts thinned, its site stopped loading, and it slipped offline with no goodbye. No closing-sale sign, just an empty storefront.

Nefsak, an Egyptian e-commerce platform founded in 2008 by Sherif Nassar and backed by a roughly $600,000 Ideavelopers investment in 2011, quietly went offline with no public announcement; its social media activity dwindled between late 2014 and late 2016 and its website and Crunchbase listing eventually went inactive.

## Product history

| Field | Value |
| --- | --- |
| Fate | ShutDown |
| Primary cause | Unknown |
| Stage at shutdown |  |
| Lifespan in days | 3166 |

## Autopsy report

## What the product attempted

Nefsak was an Egyptian e-commerce platform founded by Sherif Nassar, a former 3M/IBM Middle East/Lenovo Egypt executive, selling a wide range of products across more than 18,000 listings.

## What worked

In 2011, investor Ideavelopers described Nefsak as "the fastest growing Egyptian online retailer," backing it with an EGP 10 million (~$600,000) investment.

## Early warning signs

The company's Twitter account went silent in November 2014 and its Facebook page's final post came in September 2016, ahead of the website going fully inactive.

## What happened

After raising roughly $600,000 from Ideavelopers in 2011 and growing to over 18,000 products, Nefsak's social media presence gradually dwindled and its website eventually stopped functioning with no public closure announcement; Crunchbase now lists the company as inactive.

## Sources

- [Nefsak — Company Profile](https://pitchbook.com/profiles/company/183827-71#overview): PitchBook
- [Nefsak — Startup Profile](https://www.startuplist.africa/startups/nefsak): StartupList Africa

## Related pages

- [Nefsak alternatives](/nefsak/alternatives)
- [Liners Graveyard](/graveyard)

## Access and citation

- [Canonical HTML page](https://liners.com/graveyard/nefsak)
- [Markdown route index](/sitemap.md)
- [Agent access guide](/llms.txt)