In November 2016, employees of Karhoo a London taxi-comparison startup that had spent a year telling the press it raised $250 million – were told the company’s bank account held $10,000. Why Karhoo failed comes down to a gap between the funding it claimed and the funding it actually had: internal records later showed the … Continue reading Why Karhoo Failed: Inside the $250M Taxi App That Collapsed in 2016