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

  • Webinar on connected vehicle applications for traffic management
    August 1, 2012
    The US Department of Transportation (US DoT) will be hosting a free public webinar on 9 August, 2012 from 1:00-5:00pm (EST) to provide updates and promote discussion on the intelligent network flow optimisation (INFLO) concept.
    Read More
  • Versatile cameras from Lumenera
    October 29, 2014
    Lumenera offers a wide range of cameras specifi cally designed for use in advanced transportation systems. Compact, lightweight, versatile, with onboard memory buffering, a choice of data interface and ruggedised for harsh environments, Lumenera’s cameras are ideally suited for transportation applications such as tolling, red light and speed enforcement and automated parking. Lumenera has selected the most innovative sensor technology, paired with unique optimisation to deliver excellent imag
    Read More
  • PlascoTex unveils new lamination tech that will cut costs
    October 30, 2013
    PlascoTec has developed two special coatings - PlascoSAM and PlascoSLIDE - for lamination plates which it says will reduce wear and improve anti-stick performance “drastically”, thus allowing coatings card manufacturers to reduce production costs. PlascoSLIDE reduces the adhesion of foils (PC, PVC, PET- G) as well as unwanted residues from the lamination process on the lamination plate surface, improving product quality and cutting the need for cleaning during production. Meanwhile PlascoSAM has high ha
    Read More
  • SQLstream shows s-Transport real time Big Data platform
    October 24, 2012
    SQLstream will be showing its s-Transport real-time Big Data platform that enables applications such as real-time journey times and live incident detection to be quickly deployed. Big data is any type of data – structured and unstructured data such as text, sensor data, audio, video, click streams and log files. New insights can be uncovered when analysing these data types together. At the core of the SQLstream s-Transport is the s-Server platform, which enables huge quantities of data to be integrated and
    Read More

Highlighted Content