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.

UTC

Related Content

  • August 14, 2018
    Bird establishes board to help increase safety for e-scooter riders
    US electric mobility company Bird has formed a global safety advisory board to implement campaigns and products to improve the safety for riders using electric scooters. The board will also seek to improve the safety of pedestrians and cyclists who share space with riders using low-speed e-scooters. Additionally, Bird intends to carry on working with cities through its Save Our Sidewalks pledge to boost rider safety and improve the quality of bikes lanes. The scope of the work includes repainting an
    Read More
  • December 7, 2012
    ITS America free webinar series: Connected vehicles and the environment
    The third webinar of the AERIS autumn/winter 2012-2013 webinar series will take place on Wednesday, 12 December 2012 at 1:00 pm EST. The webinar will provide an overview of the draft concept of operations for the dynamic low emissions zones transformative concept. As part of the AERIS program's efforts to develop ways in which real-time transportation system data could improve the operation of the surface transportation network, six transformative concepts, or bundles of applications, were identified. Each
    Read More
  • September 19, 2019
    Lyft ramps up driver and passenger safety efforts
    Ride-share firm Lyft is seeking to head off concerns over passenger safety by requiring its drivers to take a ‘community safety’ course. Lyft has partnered with non-profit anti-sexual assault organisation Rainn, and drivers will be required to complete an education course designed by both parties. Riders and drivers must agree to Lyft’s community guidelines on behaving with care and respect. Passengers reported for violating these will be removed from the platform while drivers will be required to take add
    Read More
  • December 16, 2015
    Only four weeks left to submit papers for ITS Europe and ITS World Congress
    There are only four weeks to the deadline for submission of papers for the ITS Europe 2016 congress in Glasgow 6-9 June and for the ITS World Congress 2016 in Melbourne on 10-14 October. Submit your contribution today to the ITS European Congress in Glasgow to continue the discussion on topics introduced at ITS world Congress in Bordeaux or to introduce new research, deployments and developments in the ITS industry.
    Read More

Highlighted Content