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Author Topic: Free Now buy into another basket case  (Read 622 times)

Offline silverbullet

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Free Now buy into another basket case
« on: January 23, 2024, 04:02:57 pm »
KARHOO:
https://www.livemint.com/Companies/YoP8Ggrp8SuOohGLnFV26M/Ubers-wouldbe-rival-Karhoos-250-million-taxi-ride-to-now.html

5) Karhoo
Karhoo
Karhoo was a cab aggregator. It was out of business after 6 months of operation. Poor management and bad execution of a good concept were the main causes.

Details of the startup:

Founders:Daniel Ishag
Industry:Transportation
Started in:2014
Closed in:2016
Nº of employees:50-100
Funding Amount:$10M-$50M
Specific cause of failure:Poor Product
You can read more about their failure here.

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Offline watty

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Re: Free Now buy into another basket case
« Reply #1 on: January 23, 2024, 04:22:33 pm »
I'm looking at their website and I don't understand a word of it!

They also claim Bolt as a partner.
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Offline mercenary for hire

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Re: Free Now buy into another basket case
« Reply #2 on: January 23, 2024, 04:23:31 pm »
I got that email by accident and it felt like they were talking themselves up.Why would they need to add more work to the app when they claim they haven't enough drivers.Lying cunts.
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Offline watty

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Re: Free Now buy into another basket case
« Reply #3 on: January 23, 2024, 05:37:42 pm »
It's self-defeating if it's true.  The app sounds like it offers the passenger different taxis at different prices and the passenger will generally pick the cheapest.  So either the taxi driver or FN will have to take less money...
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Offline MK

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Re: Free Now buy into another basket case
« Reply #4 on: January 24, 2024, 02:10:00 am »
They probably forming a cartel of some sort. Looks like competition is squeezing their tax margins. As a group they stand a chance


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