According to the Daily Express aggregator Karhoo has more vehicles in London than any other taxi app and is now running with a weekly turnover of £750,000. Since launching on May 9, the app has grown at up to 50 per cent every week, helped by a massive fleet of 33,000 cars in London.
More than 140,000 users have downloaded the app, which offers customers the ability to instantly choose a taxi by proximity, price or fleet. It offers a pre-agreed price and the ability to pre and multi-book cars.
Karhoo has been described as a “shot in the arm” by industry professionals and is signing up new fleets all round the world and will have a global inventory of one million cars by the end of the year.
CEO Daniel Ishag told the Express: “These figures show what a huge success the London launch has been. The fleets we work with are getting more business. The consumers are getting more choice from one app than they have ever had before.”
“The figures we are seeing for bookings, users and revenue just 90 days from launch are hugely pleasing. This progress shows just how important it was to level the playing field and let the accredited cab fleets compete for business on the smartphone screen where the future of the business lies.”
“With our scalable model, we are bringing on-demand services to four or five times the area of a city that any single network operator can cover – and that puts us in a very unique position.”
Duncan Blackett, CEO of Swiss Cottage Cars, said Karhoo had been a “shot in the arm” for the industry: “We are seeing an unprecedented 20 per cent increase in revenue, and Karhoo is only a few weeks in. We have had to open our driver recruitment centre 24/7 just to keep up.”
”Karhoo has been a real shot in the arm for us. We are finding that we are getting fares that we would otherwise not have access to and bookings are definitely increasing.”
Nadeem Khan, of Cascade Cars in Wimbledon, added: “Before Karhoo we were seeing a lot of our jobs go to Uber, but now they are coming back to us through Karhoo.”
More than 140,000 people have now downloaded the Karhoo app. “The difference is that Karhoo is helping the industry while others are trying to take it over.” Nicholas Monteith, owner of Mornington Cars in north London, said the app was a “life saver”. He said: “It is bringing us jobs that we would otherwise not have been able to access. It allows us to properly compete. Before Karhoo , we had lost up to 50 per cent of our jobs to other apps on a Friday and Saturday night, but now, because of Karhoo, we are increasing the amount of fares we have.”
- Successful Karhoo-launch in London.