End of the road for Karhoo, a US$250m would-be Uber rival

Washington

WHEN bills for a corporate credit card used by Karhoo Inc chief executive officer Daniel Ishag arrived, employees in the London office of the car-hailing startup often spotted unusual purchases. There were designer shoes and clothing, along with veterinarian's bills for a pet dog.

The employees flagged the costs as potentially non-business related, but signs of lavishness continued - first-class flights, a blowout in Las Vegas, Cuban cigars.