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

  • November 21, 2016
    Call for contributions for ITS Europe
    Ertico-ITS Europe has issued a call for contributions for the 12th ITS European Congress, which takes place in Strasbourg, 19-22 June 2017. The main theme of the congress is ‘ITS beyond borders’ and contributions should address the seven main topics, including mobility services, next generation goods delivery, transport networks evaluation, connected and automated transport, satellite technology applied to mobility, ITS and the environment, or the author’s own ideas. More information on the topics is
    Read More
  • December 11, 2017
    Call for Contributions still open, ITS World Congress 2018
    The Call for Contributions are still open for the ITS World Congress 2018, in Copenhagen. Through ITS, it aims to find answers to climate, air pollution, urbanization, congestion, and traffic safety through its main theme Quality of Life. The deadline for the submission of papers is 15 December 2017. Next year’s event is expected to attract over 10,000 visitors, 4,000 delegates and 400 exhibitors and will be held in the Bella Center from 12-21 September 2018. More information in the Call for Contribution
    Read More
  • May 30, 2019
    InDriver launches ride-hailing service in South Africa
    InDriver has launched its ride-hailing service in Johannesburg, South Africa, which allows the driver and rider to negotiate lower fares. A report by IT News Africa says drivers can use the InDriver app to accept or ignore offers as well as negotiate for a higher price. Rifqa Carr, InDriver spokesperson says: “Drivers have the freedom to choose whichever ride request they like, without any risk of being penalised. They’re also able to see the full fare, from point A to point B, and can then decide
    Read More
  • September 3, 2018
    Didi Chuxing issues public apology for death of female passenger
    Chinese ride-sharing company Didi Chuxing has blamed its own ‘vanity’ for lapses in safety which led to the rape and killing of a 20-year-old female passenger. The firm issued a public apology for the incident which took place on 28 August and says it will now prioritise safety over growth. In an emailed statement, Didi founder Cheng Wei and president Jean Liu say: "We see clearly this is because our vanity overtook our original belief. We raced non-stop, riding on the force of breathless expansion and
    Read More

Highlighted Content