Carpooling.com
A ride-sharing network.
Description
Carpooling.com was the No.1 Ride Sharing Network in Europe, moving over 1 million people each month. Carpooling.com offered reliable ride sharing opportunities that were affordable and easy to access by computer, mobile phone or social network.
Legal Name
-
Former Legal Name(s)
-
Company Reputation
-
Entity Type
Private limited company
Ownership Status
-
Operational Status
Inactive
Founded Date
2006
Operational Duration
9 years
Shutdown Date
2015
Last Financing Round
Series C
Total Raised
USD 10M
Last Financing Date
26 Jul 2012
No. of Funding Round(s)
3
No. of Investor(s)
-
No. of Employees
50 - 100
Total Revenue
-
Post-money Valuation
-
Market Capitalization
-
Stage of Development
Expansion
Transactional Model Type
P2P
Defensibility Moats
User networks,
City
Munich
State/Province
Bayern
Country
Germany
Industry
Internet
Categories
Tranportation, Car Sharing, Ride Sharing,
- Failed Acquisition (Takeover)
- Poor Business Model
- The company introduced a new revenue model.
- Carpooling.com started to charged their users a small fee per ride, before the model changed, payments were done in person after the ride.
- The users were now required to register and pay the rider online, which users had to put effort in to booking and selling their rides.
- To users it made the process all inconvenient and led to a decrease in the perceived ease of use of the platform.
- As a result, people were enraged and expressed their dissatisfaction about the transitioned from a free to fee service.
- Decrease users satisfaction and customers negative revolt online about the company made users shifted to alternatve carpooling sites.
- This made less drivers were active on the platform and less users using carpooling service.
- In the end, carpooling.com lost a large number of its users and made the company defenceless against its main competitor BlaBlaCar.
- Additionally, Carpooling.com was an evidence that having the wrong priorities and underestimating the power of word-of-mouth can potentially harm a company.
Acquired by Blablacar.
Changed revenue model.
Note: Direct competitors are defined by similarity score of more than 40%, while similar companies are defined by similarity score of less than 40%
| No. | Image | Name | Similarity score | Description | Industry | Categories | Location | Ownership status | Entity type | Stage of development | Transactional model type | Defensibility moats | Last financing round | Total raised | Post-money valuation | Last financing date | No. of funding round(s) | No. of investors | Investors | Total revenue | Market capitalization | No. of investments | No. of acquisitions | No. of board seats taken | Competition | Management | No. of employees | Company reputation | Contact info | Operational status | Operational duration | Shutdown date | Founded date | Legal name | Former legal name(s) | Ticker |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. |  | Sidecar | 35.4% | A B2B on-demand delivery service. | Internet | Ride Sharing, Ride Sharing, Consumer Services, Transportation, Mobile Applications | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 50-100 | - | - | Inactive | - | - | 2011 | - | - | - |
2. |  | Sheprd | 33.1% | Transportation for students in its fleet of safe, fully-insured, and licensed SUVs. | Internet | Child Transportation Service, Transportation, Applications, Children, Ride Sharing | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2016 | - | - | - |
3. |  | Hey Bob | 29.6% | An on-demand bike taxi. | Internet | Transportation, Applications, Public Transportation, Ride Sharing | India | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2015 | - | - | - |
4. |  | AUTOnCAB | 26.0% | An auto-hailing mobile app focused on making daily commute a breeze. | Internet | Transportation, Mobile Applications, Car Service, Ride Sharing | India | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2014 | - | - | - |
5. |  | GoMyWay | 24.3% | A ride-sharing service that connected private car owners with empty seats to passengers going the same way across Nigeria. | Internet | Ride Sharing, Ride Sharing, Public Transportation | Nigeria | - | - | - | - | - | Seed | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2015 | - | - | - |
6. |  | Ousta | 21.8% | Ride-hailing startup. | Internet | Car Service, Ride Sharing, Transportation | Egypt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2016 | - | - | - |
7. |  | Trevo | 19.7% | Uber for 'Intra-City Bus-Pooling'. | Internet | Public Transportation, Travel and tourism, Ride Sharing, Applications | India | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2015 | - | - | - |
8. |  | ParkFlyRent | 19.0% | An airport carsharing platform. | Internet | Automotive, Ride Sharing | Netherlands | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2013 | - | - | - |
9. |  | Shuddle | 18.9% | A company that designed and developed mobile application which allows parents to hire transportation service for their children. | Internet | Child Transportation Service, Applications, Software, Transportation | United States | - | - | - | - | - | Early Stage | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2014 | - | - | - |
10. |  | Ezytruk Solutions | 17.2% | A data driven aggregation platform for the goods transportation market place. | Internet | Logistics, Real Time, Software, Transportation, On-Demand Service | India | - | - | - | - | - | Seed | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2015 | - | - | - |
11. |  | Maven | 16.3% | Car-sharing service. | Internet | Ride Sharing, Marketplace, Software, Transportation | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Inactive | - | - | 2016 | - | - | - |
12. |  | TaxiForSure | 14.2% | An aggregator of car rentals and taxis. | Internet | Public Transportation, Transportation, Leisure, Taxi Aggregator | India | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 250-500 | - | - | Inactive | - | - | 2011 | - | - | - |
13. |  | Truckmandi | 10.8% | An online truck booking solution, which simplified the task of handling bulk transport with the help of technology. | Internet | Truck Aggregator, Logistics, Applications, Transportation, Supply Chain | India | - | - | - | - | - | Seed | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2015 | - | - | - |
14. |  | TaxiMonger | 9.6% | Let customers book taxis with an app. | Internet | Applications, Mobile Applications, Transportation | Malaysia | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10-50 | - | - | Inactive | - | - | 2012 | - | - | - |
15. |  | Flytenow | 7.6% | Connected people with pilots so they can get off the ground easily. | Internet | Travel and tourism, Transportation, Collaborative Consumption | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2013 | - | - | - |
16. |  | Luxe | 6.6% | An on-demand valet parking and car services app. | Internet | Logistics, Parking, Transportation, Consumer Services | United States | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 100-250 | - | - | Inactive | - | - | 2013 | - | - | - |
17. |  | Zippon | 5.3% | An online platform that offered moving services. | Internet | Transportation, Truck Aggregator | India | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2014 | - | - | - |
18. |  | Onepagetrip | 2.8% | A travel community combined with trip planning tools. | Internet | Transportation, Travel and tourism | Australia | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1-10 | - | - | Inactive | - | - | 2015 | - | - | - |
| No. | Image | Name | Investor type | Description | Location | Preferred investment stage(s) | Stages invested in | Assets under management (AUM) | Investment range | Investment sweet spot | Preferred investment focus | Preferred investment geography | No. of investments | No. of lead investments | No. of follow-on investments | No. of co-investments | Portfolio companies | No. of exits | Total exit value | No. of failed investments | Loss on investments | No. of acquisitions | No. of board seats taken | No. of funds | Limited partners | Co-investors | No. of partners | Partners | No. of employees | Management | Board members | Founders | Investor reputation | Contact info | Entity type | Legal name | Former legal name(s) | Founded date | Ticker |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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| No. | Image | Name | Previous designation | Previous company | Previous biography | Previous profile type | Previous location | Experience | Education | Reputation | Current company | Current designation | Current biography | Current profile type | Current location | No. of investments | No. of exits | Total exit value | No. of board seats taken | Contact info |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. |  | Matthias Siedler | Co-Founder | - | - | - | - | - | - | - | carpooling.com | - | Matthias Siedler is Co-Founder and Managing Director of carpooling.com. Matthias Siedler studied business at the University of Würzburg where he helped create the mitfahrgelegenheit.de platform. After completing his studies, Siedler worked in Online Marketing for Audi before joining Akami Technologies as a Technical Project Manager in 2007. Siedler joined mitfahrgelegenheit.de fulltime in 2009. | - | - | - | - | - | - | - |
2. |  | Michael Reinicke | Co-Founder | - | - | - | - | - | - | - | carpooling.com | - | Michael Reinicke is Co-Founder and Managing Director of carpooling.com. Reinicke studied managerial economics at the University of Würzburg where, as an MBA project, he established mitfahrgelegenheit.de (the original carpooling platform for Germany) with Weber and Siedler in 2001. From 2002-2006, he taught managerial economics at the Administration and Business Academy in Freiburg and Bayreuth. After completing a doctorate in information management and cloud computing in 2006, Reinicke began to work fulltime on mitfahrgelegenheit.de. In 2010, mitfahrgelegenheit.de transformed into an international network and carpooling.com was born. | - | - | - | - | - | - | - |
3. |  | Stefan Weber | Content Factory Director | - | - | - | - | - | - | - | KnowledgeFox GmbH | - | - | - | - | - | - | - | - | - |
| No. | Financing date | Financing round | Total amount raised | Post-money valuation | Financial viability | Fundraising target amount | Remaining target amount | Financing type | No. of investors | Board seats | Lead investors | Entity type | Financing status |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. | 26 Jul 2012 | Series C | USD 10M | - | - | - | 1 | - | - | - | Completed | ||
2. | 1 Jul 2011 | Series B | - | - | - | - | - | - | 1 | - | - | - | - |
3. | 1 Aug 2009 | Seed Round | - | - | - | - | - | - | 1 | - | - | - | - |
