I am interested and I have couple of questions- 1. Do have any direct competitors? Why I will use you rather than dropping by myself? WFH flow is it not getting harder to convince parents to use your service? 2. How do you take care legal issues-accident, child abuse etc. Plea...

Thanks so much, Badal! It's wonderful to hear from you and I appreciate your thoughtful questions. See responses below: 1) For an answer to your first question, please see slide 9 of the pitch deck on our company's Wefunder page, www.wefunder.com/kidcaboo. Also, our indirect competition includes traditional rideshares designed for adults, school supplemental transportation companies and rideshares, school busses, school vans and children's transportation van companies, full-time nannies (a ra...

Adults using rideshare can protect themselves for the most part but kids riding alone require a whole other level of drivers being trusted. How are you going to be able to scale the business? Uber has approximately 1M drivers in the US. What number of drivers do you envision y...

Thanks for the great question! We've practiced and proven scalability (with drivers) across regions and states. Due to our honed ability to replicate our model in new areas, scaling has not proven to be a problem, nor do we anticipate that it will be. We currently are carefully and thoroughly modeled out to 1000 active drivers per city per day, but that is easily increasable. We operate for about 14 hours per day in a time zone, but most heavily during the before and after-school hours and th...

What is your revenue model ? Do you charge parents flat fee/month for using Kidcaboo services or is it pay per ride ? Any plans to partner with schools to provide ride to students ?

Hi! Thanks for the great question! We charge per ride and our ride pricing equation is based on mileage, time, a company fee and some other state, local and ride variables. Hope this answer is helpful! Please reach out with additional questions! Best, Rebecca Lock

This is a great idea and I know many families, including my own, who would find it of great value. However, how do you see competition with hopskipdrive.com, which is operating in several parts of the country and has raised $86m since 2015, which looks like a significant lead ...

Hi! Thanks for the great question. HSD and almost all similar companies are B2B (they almost exclusively focus on building their business with schools) and struggled with B2C scaling, which is where we’ve succeeded well. They are an incredible company and have an incredible market, as do we. Their relationship with schools makes scaling easier to some extent - they go into an area with localized demand, for example. It has and will continue to preclude many of those companies from TNC licensi...

What's your moat? I like the business model, but if I'm being frank, I don't see any notable competitive advantage that will keep a company like Uber or Lyft from entering this field and gobbling up market share.

Thanks so much for your question and please always be frank. I love that. Our notable competitive advantage is something I realized was necessary and conceived of while doing 800 initial test rides to test the viability of this idea and our market. It is something almost no one (but our clients) sees, seems to put much value in or knows to look for, but it is singularly responsible for why we are essentially alone in our ability to scale B2C, whereas most similar companies say that doing so i...

Kidcaboo

Uber for Kids

kidcaboo.com

New York

Technology Female Founder Service Transportation Childcare

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LEAD INVESTOR

Invested $5,000 this round + $5,000 previously

I've been covering the rideshare industry for almost 10 years and the 'Uber for kids' niche has always been a huge opportunity in my mind. Rebecca and the team at Kidcaboo are in a perfect position to dominate this category and expand their presence across the nation. Kidcaboo has shown that they have what it takes when it comes to fundraising, operations and product to lead the charge. I'm excited to be lead investor for this round and help them continue on their mission!

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