The Monitor Daily

Wednesday, January 20, 2021
Log in

As a participant in the Amazon Services LLC Associates Program, this site may earn from qualifying purchases. We may also earn commissions on purchases from other retail websites.

  • Home
  • Politics & National News
  • Business News
  • Tech & Science
  • Health & Lifestyle
  • About us
    • Contact US
    • Privacy Policy GDPR
    • Terms of Use
  • Latest News
    • Stormy Planet
    • US Surgeon Performs Face Transplant
    • 2017 MTV VMAs Nominations Are In And Voting Is Now Open
    • Bright House: Free McAfee AntiVirus and Adult Controls
    • Antarctic Yeti Crab Gets Formal Scientific Name
    • Spiders Take Over Australian Town
    • Interesting Facts About the Apollo 11 Mission
    • Social Smoking or The New Landmark of Elegance Among Young Women
    • Rare Weasel Returns To Washington State

Pages

  • About The Monitor Daily
  • Contact US
  • Our Team
  • Privacy Policy GDPR
  • Terms of Use

Recent Posts

  • Precisely what is Administration Buyback? Feb 12, 2020
  • Precisely what is Administration Buyback? Feb 12, 2020
  • Where by do Registered requests get kept Dec 1, 2019
  • Find a Star of the event on the Submit Purchase New bride List May 19, 2019
  • Locate Really enjoy On the internet Apr 30, 2019
  • Get Love On the net Apr 12, 2019
  • NYC Man Snaps Photo of the Victim After Sucker-Punching Him in Broad Daylight Jun 29, 2018

Kids’ Ride Hailing Service Shuddle Shuts Down Today

By Leave a Comment

"shuddle"

Even though the market has almost fully bounced back from its decrepit state that started with the economy collapse a few years ago, start-up businesses are still very hard to sustain in the current economy. That is plenty obvious from the myriad of businesses closing shop because of the inability to raise enough money to keep functioning.

One of the main reasons, although not the most important, is the oversaturation of businesses of the same type. When somebody comes up with a good idea, there are plenty of others that start up with the same basic premise, only slightly modified so as not incur legal penalties.

Of course, one of the best examples of this is Uber. A great many number of similar ride-hailing companies has appeared on the market after Uber became popular, and some are more successful than others. But it turns out that even some that used to be successful can’t keep up in the current state of the market.

To the dismay of parents all over the United States, Kids’ Ride Hailing Service Shuddle Shuts Down Today. After raising $10 million a year ago, the company could barely find any investors to keep from falling in debt, so the heads behind it decided it was time to say goodbye to the company.

According to Doug Alley, the CEO of Shuddle,

As we all have seen in today’s headlines, it is an extremely challenging environment for raising new capital. We worked hard with our existing investors to find new financial resources that would help us continue to grow. But, we could not raise the funding required to continue operations.

Interestingly, one of the main founders of Shuddle, Nick Allen, was also a co-founder and CFO at Sidecar, another Uber-like car-hailing service focused on carpooling that was forced to shut down last December and sell its team and its technology to General Motors after being eclipsed by Uber and Lyft.

For those of you not in the know, Shuddle was, or rather is until the papers come through, a ride-hailing company focused on children. What made them stand out was the amount of care put into checking up on their drivers, from intensive background checks to verifying whether they were speeding or even texting while driving.

The company also provided several other benefits to parents who wanted to use the service, including checking children out of school and other after school activities, taking them to playdates, and even offering carpooling so as to reduce prices. Many parents were depending on the service to handle their kids’ transportation needs.

Friday, April 15th will be the company’s last day, as they sent apologetic e-mails to all of their customers, letting them know about their cessation of services, thanking them for all of their support, and apologizing for any inconveniences they might be causing.

Image source: Shuddle

Share this:

  • Tweet
  • Share on Tumblr

Filed Under: Business News

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 34 other subscribers

Operation Paperclip

Remembering Georg von Tiesenhausen, Last Member of Von Braun’s Rocket Team

By Leave a Comment

giant ground sloths on white background

It Seems that Giant Sloths Once Roamed Earth, and Humans Used to Hunt Them? (Study)

By Leave a Comment

sn 2001ig supernova explosion and images of its stars

A Star Escaped a Supernova Explosion, and NASA Snapped its Picture

By Leave a Comment

ngc 6420 galaxy resembling a giant butterfly

Hubble Spots Giant Butterfly Formed by a Black Hole and Stellar Winds (Study)

By Leave a Comment

infrared image of a dog

Space Technology Could Help Protect Earth’s Endangered Species

By Leave a Comment

snake slithering on a beige background

Kirigami Skin Is Helping a Soft Robot Slither Like a Snake (Study)

By Leave a Comment

woolly mammoth

Ice Age Tracks Reveal How Young Mammoths Cared for Adult Ones (Study)

By Leave a Comment

High Priestess tomb.

Archaeologists Discovered 4400-Years-Old High Priestess Tomb Near Cairo

By Leave a Comment

dwarf galaxies

Dwarf Galaxies Challenge the Entire Dark Matter Cosmology (Study)

By Leave a Comment

NASA Scientists and Food Experiments

NASA Scientists to Test if Astronauts Could Eat Their Own Poo

By Leave a Comment

KFC Smoky Wings Box Can Turn into Awesome Drone

By Leave a Comment

Tesla Model S

Tesla Model S Involved in Autopilot Malfunction Accident

By Leave a Comment

Duke Nukem.

John Cena Cold Feature in Duke Nukem Movie

By Leave a Comment

Battlefield One

Battlefield One Apocalypse DLC to Land in February

By Leave a Comment

Related Articles

  • Precisely what is Administration Buyback?

  • Precisely what is Administration Buyback?

  • Where by do Registered requests get kept

  • Find a Star of the event on the Submit Purchase New bride List

  • Locate Really enjoy On the internet

  • Get Love On the net

  • Frequent Questions About a Singapore Limited Liability Company

  • Well-known Questions About a Singapore Llc

  • Widespread Questions In terms of a Singapore Limited Liability Company

  • Popular Questions In regards to Singapore Llc

Categories

  • Business News
  • Entertainment
  • Featured
  • Health & Lifestyle
  • Nature
  • Politics & National
  • Sports
  • Tech & Science
  • US
  • World

Copyright © 2021 TheMonitorDaily.com

About · Privacy Policy · Terms of Use · Sitemap · Contact

This website uses cookies to ensure you get the best experience on our website. Learn more.