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

  • May 3, 2019
    Gig launches electric car-share service in Sacramento
    Gig has launched its an electric car-share service in Sacramento, California, and will award one member of its programme a year of free driving. Gig says members can participate in the competition by taking a trip with the service until 31 May. The company says the app allows users to see available cars and book up to 30 minutes in advance or instantly choose any of its vehicles which are display a green windshield light. The car can be unlocked via a smartphone and be driven from using a power butt
    Read More
  • November 30, 2018
    ITS Australia appoints first academic to board of directors
    ITS Australia has appointed Professor Majid Sarvi from the University of Melbourne to its board of directors. Sarvi, the founder of transport technology programme AIMES, is the first academic to join the board. AIMES (Australian Integrated Multimodal EcoSystem) includes the university’s live test bed on Melbourne’s streets, and has close links with Michigan Department of Transportation. Sarvi described it as a “great honour to be elected by my peers in the ITS industry and to have the opportunity t
    Read More
  • September 15, 2017
    Contributions now open for ITS World Congress in Copenhagen
    The call for contributions at the ITS World Congress in Copenhagen are now open under the theme ITS – Quality of Life, deadline 29 September 2017. The 25th congress will focus on ITS solutions that contribute to livability, greener environment and lower congestion and will provide experts with the opportunity to present the latest ITS solutions and mobility technologies.
    Read More
  • January 2, 2018
    CVMA: Quebec's ZEV plan may create unintended consequences
    The Canadian Vehicle Manufacturers Association’s (CVMA’s) president Mark Nantais has stated that Quebec’s Zero Emission Vehicle (ZEV) regulations “may result in unintended consequences for consumers, automobile dealers, industry and ultimately, Quebec's economy,” in response to the new strategy introduced by the province’s government. The standard aims to increase the number of ZEVs in the region and to reduce greenhouse gas and other pollutant emissions. It will come into effect on the 11 January 2018.
    Read More

Highlighted Content