Uber rival Karhoo shuts down after reportedly blowing through $250M

 So much for fighting the Uber fight. Today Karhoo — a company that wanted to take on Uber by pulling together various other competing car services under a single app — announced that it is shutting down its service and looking for “the next steps for its business” after running out of money and failing to raise more. The full statement is below. It’s a pretty… Read More http://ift.tt/2fjx82v