Technology

Karhoo Collapses From Lack Of Funding

Posted on November 8, 2016

Karhoo was founded by Daniel Ishag, who stepped down as CEO several days ago (LCT file photo from Karhoo)

Karhoo was founded by Daniel Ishag, who stepped down as CEO several days ago (LCT file photo from Karhoo)

Taxi comparison and booking app Karhoo is shutting down after only six months in operation, and just weeks after it claimed to have overtaken Uber as London’s leading taxi app.

The closure of the company comes after the failure of an attempt to raise further capital from a private investor to stop it from going into administration. Staff have already been made redundant, as the Karhoo app has stopped functioning.

It is unclear whether administrators have been appointed or not, in which case the assets could be snapped up by a rival app provider.

Professional Driver Magazine article here

Related Topics: apps, Karhoo, mobile technology, startup, taxis, vehicle apps

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