About Karhoo
Karhoo is a company based in New York (United States) founded in 2014 was acquired by RCi Bank & Services in December 2017. It operates as a B2C. Karhoo has raised $39 million across 2 funding rounds from investors including David Kowitz, Avala Capital and Mobilize Financial Services. Karhoo operates in a competitive market with competitors including Lyft, Uber, Didi, Flywheel and Alto, among others.
- Headquarter New York, United States
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Flit Technologies Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$39 M (USD)
in 2 rounds
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Latest Funding Round
$39 M (USD), Series A
Oct 26, 2015
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Investors
Avala Capital
& 2 more
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Employee Count
Employee Count
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Acquired by
RCi Bank & Services
(Dec 13, 2017)
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Funding Insights of Karhoo
Karhoo has successfully raised a total of $39M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $39 million completed in October 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $39.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2015 | Amount | Series A - Karhoo | Valuation |
investors |
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| Jun, 2015 | Amount | Seed - Karhoo | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Karhoo
Karhoo has secured backing from 3 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include David Kowitz, Avala Capital and Mobilize Financial Services. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments are made in technology-driven companies.
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Founded Year | Domain | Location | |
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Financial services are provided for automotive customers by Mobilize.
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Founded Year | Domain | Location | |
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DK
David Kowitz |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Karhoo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Karhoo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Karhoo Comparisons
Competitors of Karhoo
Karhoo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Lyft, Uber, Didi, Flywheel and Alto, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
App-based ride-hailing aggregator
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| domain | founded_year | HQ Location |
An online platform providing ride-hailing and food delivery services
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| domain | founded_year | HQ Location |
An AI-enabled platform is operated for ride-hailing and on-demand services.
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| domain | founded_year | HQ Location |
App-based on-demand taxi-hailing platform
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| domain | founded_year | HQ Location |
Ride-hailing services are booked via a mobile app platform.
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| domain | founded_year | HQ Location |
Curb is recognized as a provider of taxi booking and payment solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Karhoo
Frequently Asked Questions about Karhoo
When was Karhoo founded?
Karhoo was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Karhoo located?
Karhoo is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Karhoo a funded company?
Karhoo is a funded company, having raised a total of $39M across 2 funding rounds to date.
What does Karhoo do?
Karhoo, established in 2014 and currently in Dissolved stage, focuses on providing transportation services, ride-hailing, mobility apps, and cab comparison. Serves as a global app for comparing and booking cabs conveniently. Adapting to market demands with innovation and client-focused strategies.
Who are Karhoo's investors?
Karhoo has 3 investors. Key investors include David Kowitz, Avala Capital, and Mobilize Financial Services.