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

  • Onemile launches e-scooter rental service which comes with seating pad
    January 7, 2019
    Chinese technology start-up Onemile has launched its electric scooter rental service which comes with a seating pad to help improve rider safety. The company’s Halo City scooters are available in Hawaii, Paris, London and Berlin. Onemile aims to offer its service at mid and long-term rental and says it will provide an integrated parking location and management system. It is not the only company looking to find new ways to improve safety for riders. In the US, Bird rolled out an app feature which a
    Read More
  • Redflex automates traffic offences with Alcyon
    March 20, 2018
    Redflex is here at Intertraffic to highlight its innovative solution for processing and managing photo enforcement incidents. This can be a costly, complex and time-consuming task for an organisation, particularly so as camera networks proliferate and volumes of data increase. Numerous touch points and variables in the infringement life cycle add to the challenge. “We saw that enforcement agencies were looking for a unified platform that could help them streamline the way they handled incidents, while als
    Read More
  • Redflex automates traffic offences with Alcyon
    March 20, 2018
    Redflex is highlighting its innovative solution for processing and managing photo enforcement incidents. This can be a costly, complex and time-consuming task for an organisation, particularly so as camera networks proliferate and volumes of data increase. Numerous touch points and variables in the infringement life cycle add to the challenge. “We saw that enforcement agencies were looking for a unified platform that could help them streamline the way they handled incidents, while also
    Read More
  • Safer roads with the HV2 safety barrier from Saferoads
    March 21, 2018
    The durability of a steel barrier and the ballasting weight of concrete come together in the HV2 hybrid freestanding temporary safety barrier from Saferoads. The HV2 is half the weight per metre of a typical concrete barrier, according to the Australian manufacturer Saferoads. The system has passed MASH TL-4, 10T at 90km/h completely freestanding with deflection of 2.2m. The company says that because of its size - 5.8m long and rotationally symmetrical – and that it needs no additional parts, the HV2 is
    Read More

Highlighted Content