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

Comments ( 0 )
More Stories
Article

ELDs: Do You Really Need Them?

AUG. LCT: After April 1, 2018, drivers found out of compliance with electronic logging devices could be ordered out of service. Is your service at risk?

How will AI affect the future of business travel?
News

5 Ways AI Powers Business Travel

While companies are interacting constantly with artificial intelligence every day, the technology now transcends the office space.

Sam Mallikarjunan of HubSpot provided a wakeup call for operators who may have forgotten the importance of fitting their services to people’s needs.
Article

Solving Problems Is How You Sell

JULY LCT: LCT Technology Summit speaker Sam Mallikarjunan says it’s not about being cheap; it’s about being what people need when they need it.