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

  • Next Generation mobile computers launched by 4P
    November 19, 2013
    4P Mobile Data Processing is launching the latest versions of its FDA600-POS all-in-one handheld computer devices at CARTES 2013. The new machines “feature fiscal cash registers, chip&pin payments and biometric signature capture,” says 4P. The units are “light, compact and durable,” and allow “operators to track goods, people and locations with barcodes and RFID, shoot and geotag pictures, (create) videos and auto-ID, and stay permanently connected to remote servers via high speed wireless data”. There is a
    Read More
  • Easy GPS retrofitting with Telepazio LCS plug-in solution
    October 18, 2012
    In the demonstration areas of the ITS World Congress, Telespazio, a joint venture between Finmeccanica and Thales, will showcase LCS, a ‘plug-in’ solution that enables easy retrofitting of existing GPS systems to use and exploit the capabilities of the EGNOS Commercial Service. The demonstration will show its use in an ITS system for tracking and tracing operational tankers transporting hydrocarbon in Europe.
    Read More
  • Next generation of SafeEnd energy absorbing barrier terminals
    March 3, 2014
    Norwegian company SafeRoad will use Intertraffic Amsterdam 2014 to present SafeEnd, a new generation of energy absorbing end terminals, developed and tested according to the ENV 1317-4 and prEN 1317-7 standards. Features of the product are fast and easy installation, narrow width to allow usage at places with limited space, and low weight. The terminal can be used in combination with any existing safety barrier system, on central reservations as well as along the roadside.
    Read More
  • 12th ITS European Congress: Free webinar on 11 May 2017
    May 9, 2017
    Ertico is running a free webinar on 11 May, providing details of the highlights of the 12th ITS European Congress, which takes place in Strasbourg on 19-22 June. With over 100 sessions, tours, demos and events taking place over just four days, participants will be spoilt for choice on where to spend time. During the webinar, Eric Sampson, senior advisor to the Congress Programme, will run through the programme and point out interesting sessions and events that visitors can look forward to at the Congress. T
    Read More

Highlighted Content