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

  • Stalker shows LidarCam II and Pole Mounted Graphical display
    March 21, 2018
    Stalker Radar is introducing two new products of interest to Intertraffic attendees involved in traffic control, the LidarCam II and the Pole Mounted Graphical (PMG) display. The LidarCam II has many important features including the largest color touchscreen display and superior low-light sensitivity. Its 1,200-metre laser range, autofocus, and auto zoom lens assure the utmost versatility, while built-in Bluetooth, wireless evidence off-loads, and long-life Li-Ion battery add convenience and efficiency to
    Read More
  • Ford plans AV transport in Austin in 2021
    October 4, 2019
    Ford Motor is to launch an autonomous vehicle (AV) transportation service in Austin, Texas, by 2021. Reuters says Ford is testing a self-driving system - developed with Argo AI, an AV technology company backed by Ford - in its Fusion Hybrid sedans. Sherif Marakby, chief executive of Ford autonomous vehicles, says the company is planning to launch the service using hybrids that can carry either people or goods. Argo AI says teams will manually drive the Fusion test vehicles to map the city’s streets an
    Read More
  • SmartStation group reveal the importance of intelligent stops
    March 13, 2018
    A SmartStation research and design project has worked with PTV Group and Raumobil to develop ideas on how to turn analogue stops into digital hubs, in Karlsruhe. The scheme, commissioned by the Federal Ministry of Transport and Digital Infrastructure, set out to reveal the importance of networked stations for multimodal mobility. The initiatives 18-month research phase identified that intelligent stops that include analogue facilities such as information terminals, escalators, elevators and lockers need to
    Read More
  • Encouraging collaboration through Total Transport
    March 24, 2017
    Delegates at CIHT’s event heard how ‘Total Transport’ has the potential to cut cost, reduce carbon emissions and increase customer service. In January 2015 the UK Government announced a new US$5 million (£4 million) Total Transport Pilot Fund to which local authorities in England could bid for supporting resources. Total Transport is viewed as providing a cross sector approach to the delivery of supported public road passenger transport services. Andrew Hugill, director of policy and technical affair
    Read More

Highlighted Content