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

  • Efkon’s technology aids Asfinag’s digital enforcement
    March 19, 2018
    Efkon arrives in Amsterdam having recently delivered what it says is the first enforcement system to monitor Austrian road operator Asfinag’s new digital motorway vignette. Before legislation came into effect on 1 December, a digital vignette went on sale which proves payment of the Austrian road tax for vehicles weighing less than 3.5t. To support Asfinag’s toll enforcement officers, the system uses video technology to determine whether passing cars have a valid digital vignette. Positioned on the
    Read More
  • Efkon’s technology aids Asfinag’s digital enforcement
    March 19, 2018
    Efkon arrives in Amsterdam having recently delivered what it says is the first enforcement system to monitor Austrian road operator Asfinag’s new digital motorway vignette. Before legislation came into effect on 1 December, a digital vignette went on sale which proves payment of the Austrian road tax for vehicles weighing less than 3.5t. To support Asfinag’s toll enforcement officers, the system uses video technology to determine whether passing cars have a valid digital vignette. Positioned on the
    Read More
  • Registrations for visitors open for Intertraffic Amsterdam 2018
    December 15, 2017
    Visitor registrations are now open for Intertraffic Amsterdam 2018. The event will host over 800 exhibitors and an audience of 30,000 global traffic professionals addressing today’s and tomorrow’s mobility challenges. Some of this year’s themes include Big Data and Mobility, Connected Cooperative and Automated Driving, MaaS (Mobility as a Service), Smart Infrastructure, Smart Parking. Smart Mobility will have a dedicated hall with exhibitors presenting products and solutions many of which, along with big
    Read More
  • Innova debuts cloud-based LPR access and control system
    March 19, 2018
    Spain-headquartered Innova Systems Group is here to launch Siram Cloud, an access control solution based on licence plate recognition (LPR). The company claims it is the first LPR access control system based on the Cloud.
    Read More

Highlighted Content