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Nairaland Forum / Nairaland / General / Business / Cango Africa Shuts Down After 6 Years Of Operation Over Lack Of Funding (592 Views)
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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/
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