Shohoz receives $15m fund to expand ride-sharing in Bangladesh

Ride-sharing company Shohoz will use a $15m investment from venture capital firm Golden Gates Ventures to expand its on-demand service in Bangladesh. A report by the Dhaka Tribune says the company is now launching its ‘super-app’ strategy which will add food deliveries to its current offering. Maliha M Quadir, Shohoz founder and managing director, says: “To help Shohoz finance this growth, we have brought on board a great line-up of experienced international and regional investors, who I think will help
September 28, 2018 Read time: 1 min

Ride-sharing company Shohoz will use a $15m investment from venture capital firm Golden Gates Ventures to expand its on-demand service in Bangladesh.

A report by the %$Linker: 2 External <?xml version="1.0" encoding="utf-16"?><dictionary /> 0 0 0 link-external Dhaka Tribune Dhaka Tribune website link false https://www.dhakatribune.com/business/stock/2018/09/26/golden-gate-ventures-invests-15m-in-shohoz false false%> says the company is now launching its ‘super-app’ strategy which will add food deliveries to its current offering.

Maliha M Quadir, Shohoz founder and managing director, says: “To help Shohoz finance this growth, we have brought on board a great line-up of experienced international and regional investors, who I think will help us achieve our feat very soon.”

The company will also be able to work on introducing the ride-sharing service beyond the border if it can meet demands in Bangladesh, Quadir adds.

Urban Traffic Control

Related Content

  • US parking tools refreshed
    March 9, 2018
    The US Institute of Transportation Engineers (ITE) and National Parking Association have agreed to work together on updating their respective Parking Generation Manual and Shared Parking tools, last revised in 2010 and 2009. Fresh analyses in the former will differentiate levels of demand in rural, general urban/suburban, dense multi-use urban and core city centre locations, said ITE CEO Jeffrey F Paniati
    Read More
  • Washington Post game highlights AV flaws
    September 11, 2019
    Mind the kangaroos! That is among the more surprising suggestions in a new entertainment which purports to illustrate the pitfalls of autonomous vehicles (AVs). US media giant The Washington Post has created a short interactive game which “shows readers how autonomous cars function and breaks down the technology to educate viewers about their limitations and challenges”. These include sensor blind spots and confusion over what other road users are about to do. The five-minute game takes the form of a jou
    Read More
  • Lyft offering free rides for cancer patients in Atlanta
    June 27, 2018
    Lyft is offering free trips for cancer patients seeking treatment in Atlanta, US. The initiative is part of an extended partnership with the American Cancer Society (ACS). ASC uses Lyft’s Concierge web platform to request rides on behalf of patients who do not have a ride or who are unable to drive themselves, according to media reports. The programme will also launch in Cincinnati, Denver, Houston, Los Angeles, New Jersey, Philadelphia and St. Louis.
    Read More
  • Limited places remaining for FIRM15 infrastructure meeting
    March 31, 2015
    The FEHRL Infrastructure Research Meeting 2015 (FIRM15) will be held on 22 and 23 April 2015 at the Diamant Centre in Brussels, Belgium. Held every two years, for the first time FIRM15 is opening up to all transport modes with speakers and participants from the rail sector. With the theme of ‘Innovative maintenance of Transport Infrastructure: Faster, cheaper, more reliable, safer and greener’, FIRM15 aims at mapping the problems and challenges of innovative maintenance of transport infrastructure;
    Read More

Highlighted Content