Member Article

Uber rival bringing rideshare convenience to London's traditional cabs hits bookings milestone

Cab comparison app Karhoo, which launched in London in May, has announced it has hit 6,000 bookings a day as it prepares to roll-out globally.

The app, which aims to give Uber-like convenience to traditional cab companies, says it has attracted more than 40,000 first time riders, a number which is growing 30% week on week.

Focusing on accredited and licensed fleets, the app has already attracted the likes Addison Lee, Com Cab and a wide variety of local London taxi firms to the service, helping it to achieve a weekly turnover of over $500k (£373k) which the firm claims is growing by 30-50% week on week.

Commenting on its first two months, founder and Chief Executive Officer, Daniel Ishag, said: “London has been a huge success, for consumers, fleets and for us and the numbers are growing daily.

“The fleets that work with us know how much we are benefitting the industry and how much of an impact we are having. The consumers are getting more choice on one app than they have ever had before.”

The firm now boasts 33,000 cars in London and has delivered an average arrival time of under three minutes in the capital, and now intends to roll-out across the UK and 100 global cities within 12 months, including New York and Singapore.

Daniel added: “I would argue that the figures we are seeing – for bookings, users and revenue, is far ahead of anything seen before after just seven weeks. It proves how much the fleets needed a vendor neutral platform to help level the playing field and get them more work – and how much consumers value us.

“With our scalable model, we are bringing on-demand services to four or five times the geographical area of a city - more than any other single network operator can do - and that puts us in a very unique position.”