Money

Uber Rival Karhoo Allegedly Owes $30 Million To Partners

Posted on November 17, 2016

Photo via Karhoo Youtube ad
Photo via Karhoo Youtube ad
Karhoo was supposed to be another Uber competitor: A taxi app that allowed users to “compare all available cab options at a single glance.” The idea was the company could surpass Uber by using an open format app that included all sorts of cabs rather than simply those driven by Karhoo contractors. And there would be no surge pricing. Ever.

The company collapsed last week after what various reports describe as a lavish spending spree in which its founder Daniel Ishag allegedly “blew thousands” on “first-class flights, designer shoes and personal grooming.”

Agency Spy article here

Related Topics: advertising, apps, bankruptcy, industry vendors, Karhoo, startup, Uber, vehicle apps

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