Egyptian children’s ride hailing app Hive raises USD 400,000 investment

STARTUP WATCH- Hive, a Cairo-based ride-hailing app for children, has secured a USD 400k investment from Abdelmoneim Al Adawy, one of the application’s earliest customers, according to Menabytes. The investment will be used to improve the application’s safety and scale up the company.

An alternative to school buses: Hive was founded by Abdelrahman Osama and Mohamed Aboali as a substitute for school buses. The startup completed over 6k trips during the last school year, and is now trying an Uber-esque concept of ride-sharing by offering money to parents who have extra space in their cars to take other children along.