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More proof that if you lose money on every transaction, you can't make it up in volume. The on-demand valet parking space has been a great place to lose money.
by asanwal 9y ago
More proof that if you lose money on every transaction, you can't make it up in volume.
The on-demand valet parking space has been a great place to lose money. Zirx pivoted, Caarbon failed and now this acqui-hire of Luxe which was somehow valued at $157M in its last round.[1]
Other companies in the space haven't raised in a while including Ubo of China and ValetAnywhere.
[1] source: CB Insights