Karhoo is back after it collapsed into administration two years ago, the Times reports. Originally, the British business was an “Uber wannabe”, rivalling London’s most popular app-based taxi service.
In late 2016, Karhoo faced administration. The first version was launched in May 2016 and expanded into nine other British cities along with New York, Paris and Singapore. However, flaws in its promotional campaign and a faulty payment system damaged the business. Not to mention the extravagant spending of its founder.
But, two French bankers have reshaped Karhoo. Boris Pilichowski and Nicolas Andine gained control after the business was appointed administrators.
Today, the only traces of the original Karhoo that remains is its name. RCI Banque and Renault now back the business. Additionally, it operates from WeWork offices in Paddington.
Moreover, Karhoo now targets train operators, airlines and hotels. It allows businesses to provide customers with taxis and private hire vehicles via Karhoo technology.
Karhoo now operated in 125 countries with 1.5 million vehicles and 100 staff.