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

  • Call to become part of Co-Cities Prime
    April 3, 2013
    Co-Cities Prime provides an opportunity for cities and regions which want to provide integrated multimodal transport and set up mobility services with the opportunity to equip their information systems with the Commonly Agreed Interface of Co-Cities supported by an experienced technology provider. Up to 50 per cent of the implementation effort will be contributed by the Co-Cities project. The call for participation is open from April 3rd to May 5th, 2013, and city administrations, urban transport authoriti
    Read More
  • New dart series from Basler
    October 29, 2014
    Camera manufacturer Basler is expanding its portfolio of cameras for intelligent traffic systems. The new Basler dart series has been designed to meet the need for basic, stripped-down cameras for simple traffic applications, such as access control or in-vehicle ALPR solutions. For more demanding systems, Basler has equipped two ace GigE and two ace USB 3.0 models, as well as its IP cameras, with the powerful Sony IMX174 sensor. With the python 5000 sensor from ON Semiconductor, Basler has
    Read More
  • SafeRide joins Genivi Alliance to strengthen C/AV security
    December 6, 2018
    Israel-based cybersecurity firm SafeRide Technologies has joined the Genivi Alliance in a bid to secure connected and autonomous vehicles (C/AVs) from hacking threats. Genivi is a non-profit alliance focused on delivering open source, in-vehicle infotainment and connected software. Hilik Stein, chief technology officer at SafeRide, says the Vsentry cybersecurity software will be available on the Genivi development platform.
    Read More
  • New ITS America report examines the shared-use mobility sector
    September 29, 2015
    A new report by the Intelligent Transportation Society of America (ITS America), in conjunction with AT&T, investigates how evolving mobile technology and changing demands of the traveling public are shaping the future of transportation in a more connected world. This report, entitled Rise of the Real-Time Traveler, examines the public’s changing demographics and purchasing behaviors while focusing on shared-use mobility in an increasingly connected world. Utilizing a broad array of research, this report
    Read More

Highlighted Content