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

  • ATRI releases roll stability system analysis
    August 14, 2012
    The American Transportation Research Institute (ATRI) has released the industry's first major comparative analysis of roll stability systems based on carrier operational data. The institute’s analysed crash rates, crash costs, and technology costs for roll stability control (RSC) and electronic stability control (ESC) systems compared to vehicles without any roll stability systems technology. The research, based on data from over 135,000 heavy trucks, indicated that installation of RSC technology may resul
    Read More
  • McCain to use ATC cabinets to improve traffic signal infrastructure in San Francisco
    December 13, 2018
    McCain is to upgrade San Francisco’s traffic signal infrastructure through the introduction of 400 M advanced transportation controller (ATC) cabinets over the next three years. Reza Roozitalab, McCain’s vice president of hardware engineering, says: “Our M ATC cabinet features two front side-by-side doors, ideal for areas with narrow sidewalks so maintenance teams can work inside without completely blocking the walkway.” Also, the M ATC cabinets feature a ‘lamp out monitoring algorithm’ which identifies
    Read More
  • Oberthur looks at data and privacy at CARTES
    November 3, 2014
    Until recently, criminals were the main concern of customers using the internet to make electronic payments. The public believed that malware and hacking were the domain of people on the wrong side of the law. The revelation that many governments and their secret services – the ‘good guys’ – were also gaining access to millions of computers and other electronic devices was a huge shock.
    Read More
  • European Court of Justice rules Uber as a Transport service
    December 22, 2017
    The European Court of Justice has ruled against Uber, concluding it to be a transport service, which will require it to have stricter regulation and licensing as a taxi operator within the EU. The decision follows a challenge presented by taxi drivers in Barcelona who were seeking a declaration from a court in 2014 that activities of Uber Systems Spain, amounted to misleading practices and acts of unfair competition.
    Read More

Highlighted Content