Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,174,114 members, 7,890,707 topics. Date: Monday, 15 July 2024 at 06:36 PM

Cango Africa Shuts Down After 6 Years Of Operation Over Lack Of Funding - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Cango Africa Shuts Down After 6 Years Of Operation Over Lack Of Funding (601 Views)

Man Disrupts Bank Operation Over Alleged Withdrawal From His Account / Nigeria Bank Shut Down Operation Over Coronavirus / Jumia Shuts Down Operations In Cameroon (2) (3) (4)

(1) (Reply)

Cango Africa Shuts Down After 6 Years Of Operation Over Lack Of Funding by Leomyke4(m): 2:05pm On Jan 23, 2020
About six years ago, Peter Kariuki and Barrett Nash set forth to tackle the rising challenge of traffic jam development in the busy areas of Kigali, Rwanda’s capital with their innovative startup, Safemotos. Developing on the Uber model which they operated, they re-branded Safemotos as CanGo Africa last year after securing $1.1M in funding while also expanding to Kinshasa, the capital of the Democratic Republic of Congo(DRC). A development that saw their startup change from a simple ride-hailing app operating in Kigali to a superapp, where within the same mobile application customers can choose between several different on-demand services. A model which they termed as “profitable” in one of their articles.... read more https://woleth.com/cango-africa-shuts-down-after-6-years-of-operation-over-lack-of-funding/

(1) (Reply)

Supermarket Trolley / Sell Faster.....buy Smarter.... ****must Read***** / Bill Gate Foundation Pledges $100 Million To Combat The Coronavirus Crisis

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 9
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.