Report: Karhoo chief calls $250M fund raise a ‘misconception’

By November 11, 2016Uncategorized
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NEW YORK — When Karhoo first launched, CEO Daniel Ishag touted that he had raised $250 million from venture capitalists and he was going to use as a way to give Uber, Lyft and other on-demand car services a run for their money. Turns out, that wasn’t true.

The British entrepreneur told to the Financial Times this week that he “did not raise $250 million, that was a misconception.” The news comes just days after Karhoo announced that it was going out of business.

The actual number, he explained,…