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

  • Third European Motorcyclists' Forum
    February 17, 2014
    The third European Motorcyclists' Forum, taking place in Brussels on 5 and 6 March 2014 features discussions on the essential road safety issues affecting motorcyclists, as vulnerable road users. Leading safety and ITS experts will join a panel discussion, ‘Setting the Scene’ on 5 March, moderated by Bernd Lange, Member of the European Parliament (S&D) and co-chair of the Forum for Automobile and Society. Discussions continue on 6 March and include: Motorcycling and ITS, a US perspective - Shane McLaugh
    Read More
  • IBTTA New Media, Communications and Human Resources Workshop
    October 9, 2015
    The International Bridge, Tunnel and Turnpike Association’s (IBTTA) New Media, Communications and Human Resources Workshop takes at the Westin Hotel Downtown, Cleveland, Ohio from 18 to 20 October , hosted by the Ohio Turnpike and Infrastructure Commission. The workshop, with a focus on the customer and employees, will cover bridging the generation gap, working with employees and customers of all ages, using data to effectively understand and communicate with target audiences, building brand recognition
    Read More
  • Tritium opens mobility centres in Australia and Netherlands
    May 10, 2019
    Tritium has opened two R&D electric mobility innovation centres in Australia and the Netherlands. The Tritium e-mobility centre in Brisbane serves as an expansion of the company’s headquarters and will be used to develop disruptive technologies for electric vehicles (EVs). A portion of Electric Power Research Institute's $3.2m package, issued by the US Department of Energy, will be used to develop an extreme fast-charging system which is expected to add 475km of range to an EV in 10 minutes. Last
    Read More
  • Ficosa pledges €500m investment in C/AV technology
    March 19, 2019
    Spanish firm Ficosa is to put €500m into R&D over the next four years to provide new technology for connected and autonomous vehicles (C/AVs). The firm believes that revenue from its technology systems will rise from €100 million to €800 million over the next five years. Assisted driving and e-mobility are other areas of interest, and the company has already put its money where its mouth is, showing off a new e-mobility development centre last year. The company had overall revenues of €1.28 billion
    Read More

Highlighted Content