Ride-hailing app Karhoo goes bust: ‘The financial situation was pretty dire’

Obscure Uber rival Karhoo is set to close after burning through £202m of funding in less than a year.
The ridesharing company failed to raise further revenue and has announced today (Tuesday 8 November) that it is “looking for the next steps for the business”.
Karhoo, which operates in London, New York, Singapore and Tel Aviv, claimed that some staff operated unpaid “for the last six weeks in an effort to get the business to a better place”.
The startup hunted