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

  • SICE chooses GMV to implement TVM machines on Chile Metro
    March 13, 2018
    Sociedad Ibérica de Construcciones Eléctricas (SICE) has chosen technology provider GMV to design and manufacture ticket vending machines (TVMs) that will replace the traditional personnel-attended ticket windows at the Santiago de Chile Metro’s line six and the future line three. Since opening late last year, line six is said to carry an average of 100,000 passengers daily and is helping to reduce congestion on other lines of the network. Through the agreement, 80 TVMs will vend and recharge the Chilean
    Read More
  • Book your place at MaaS Market Conference
    February 3, 2017
    MaaS Market, which concentrates on Mobility as a Service, takes place at the Inmarsat Conference Centre, London, UK on 22 and 23 March 2017, looking at new ways of getting people to their destination and new ways for them to pay for transport services. There are only a limited number of delegate places still available for this two-day, international, senior-level conference, so visit www.MaaS-Market.com to view the programme and reserve your place.
    Read More
  • Microsoft launches programme for AV start-ups
    September 18, 2019
    Microsoft is inviting autonomous vehicle (AV) start-ups to take part in a programme which offers access up to $120,000 of free Azure cloud computing platform. The Microsoft for Startups: Autonomous Driving programme will provide participants with access to Azure’s autonomous driving capabilities and one-to-one sessions with Microsoft cloud engineers. The company says members will have opportunities to expand their network by joining Microsoft’s autonomous driving ecosystem. Microsoft says current partner
    Read More
  • Latest publications from ITS-JPO
    December 3, 2014
    Recently released publications from the Intelligent Transportation Systems Joint Program Office (ITS-JPO) include the United States-Japan Evaluation Tools and Methods fact sheet and the United States-Japan-European Union Probe Data fact sheet.
    Read More

Highlighted Content