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

  • Here Technologies launches safety suite for BMW drivers
    January 5, 2018
    To improve driver and passenger safety in BMW vehicles, Here Technologies (Here) will deliver a cloud-based suite which provides information on potential road hazards, accidents and extreme weather events, such as slippery roads and reduced visibility. It will be integrated into production models beginning in mid-2018 and will be available to users across North America and Europe. Called Here Safety Services Suite, the system aggregates real-time, rich sensor data generated by cars of different brands.
    Read More
  • TfL policy to ensure private hire remains safe and convenient
    February 19, 2018
    Transport for London (TfL) has launched a policy statement in response to changes in the private hire industry and new services available. It aims to keep the capital at the forefront of regulating taxi and private hire services while maintaining the safety of passengers. As part of a series of changes to increase industry standards, TfL is advancing regulations to assess private hire drivers and applicants on safeguarding, disability, equality and knowledge of private hire vehicle (PHV) legislation as
    Read More
  • First Graphene launches platform for growing international construction and other industry audience
    August 9, 2019
    First Graphene, the leading supplier of high-performing, bulk graphene products for the construction and other industries, has launched a new platform to support its growing base of international customers and stakeholders. The new website, www.firstgraphene.net, is an opportunity for visitors to develop a deeper understanding of the potential of graphene and its applications, which include graphene-reinforced concrete used in building projects, and as a fire retardant in commercial and residential prope
    Read More
  • RMS aims for US sales with the RetroTek-MU
    March 21, 2018
    Reflective Measurement Systems is showcasing the latest addition to the company’s range of dynamic retroreflectometers, the RetroTek-MU. The MU is specifically for the US market and is similar to the best-selling RetroTek-M retroreflectometer that is available worldwide excluding the US. The RetroTek-MU is the first dynamic mobile retroreflectometer to be certified to ASTM E 1710, according to the Irish manufacturer. It is capable of simultaneously measuring in one pass the retroreflectivity of road
    Read More

Highlighted Content