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

  • Flir online training in September
    September 12, 2016
    Flir’s traffic webinars during September provide an introduction to the TrafiOne smart city sensor for traffic monitoring and dynamic traffic signal control. TrafiOne uses thermal imaging to detect the presence of pedestrians and cyclists that are approaching and waiting at the kerb or using the crossing. What’s new in FLUX 3.0 looks at the new features of this video management system, which collects traffic data, events, alarms and video images created by a wide variety of video detection modules. Th
    Read More
  • Parsons accepting entries for smart city challenge
    August 28, 2019
    Engineering firm Parsons and its partners have launched a global smart cities challenge called Transforming Intersections aimed at reducing the time drivers spend at red lights. Chuck Harrington, chairman of Parsons, says: “Our goal is to give cities the opportunity to increase their mobility, reduce their carbon footprint through reduced idling of vehicles, and keep their city moving." Parsons says the winner will receive a one-year free trial of its Intelligent Intersection product, which allows ci
    Read More
  • Citilog and Signal Group sign strategic alliance
    March 26, 2014
    France’s Citilog and Signal Group of the US yesterday signed a ‘strategic alliance’ to combine their technologies, with the aim of delivering advanced ITS video analytics solutions to the North American market. Citilog will combine its capabilities in video analytics with Signal Group’s expertise in traffic controllers, with the first product designed to reduce traffic waiting times at intersections through the integration of real-time queue length calculation into adaptive intersection control.
    Read More
  • LA launches own ‘Green New Deal’
    August 15, 2019
    Los Angeles, once a temple to the automobile, has followed the Democrats in launching its own Green New Deal – and the city has made big pledges on urban mobility investment The Democratic Party has started something. The Green New Deal, one of whose most high-profile supporters is new congresswoman Alexandria Ocasio-Cortez, intends to persuade the public that swift action is necessary to combat climate change. Now the city of Los Angeles has followed suit, releasing what it calls ‘LA’s Green New Deal’.
    Read More

Highlighted Content