Lahore: A local technology website reported Travly, a rickshaw-hailing service has closed down its operations. This development comes in the wake of rising success of Careem and Uber, which have also joined the bandwagon of offering rickchaw-hailing services.
A visit to their website displays this notice:
Travly came into inception in 2014 as a bus-booking service and got incubated at Plan9, before eventually ending up at PlanX.
Faisal Sherjan, a famous media industry veteran took Travly under his wings and changed its business model to a rickshaw-hailing service.
It also garnered a venture capital funding of $200,000 from CresVentures at an exclusive event full of glitter, which was attended by media and industry moguls, where the agreement got inked.
Unfortunately, Travly was jolted by the multiple exits of two of its co-founders, one who departed for studies overseas and the other went onto join Careem.
Travly tried to innovate by diversifying its services and went onto launch Rickshaw Rani which encouraged women to earn a livelihood for themselves.
As per sources, the company was able to get 100 bookings on a daily basis compared to over a thousand rickshaw ride bookings for its competitors, despite lacking resources.