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

  • February 7, 2014
    Unprecedented demand for Euro Bus exhibition
    The organisers of this year’s Euro Bus Expo, to be held in Birmingham 4-6 November, are experiencing unprecedented demand for space at this year’s leading international trade fair for the bus and coach industry. Euro Bus Expo is the leading international exhibition for the bus and coach industry in 2014, attracting an attendance of 10,000 trade professionals from the UK and over 40 key international markets. The organisers say the high demand for exhibition space is set against a backdrop of growth in
    Read More
  • July 10, 2019
    Careem offers transport for Saudi Arabia hospitals
    Careem is to provide a transportation service to patients travelling to and from Saudi German Hospitals (SGH) in the Kingdom of Saudi Arabia. SGH is a provider of healthcare services located in the Middle East and North Africa region with hospitals located in areas such as Egypt and Dubai. Makarem Sobhi Batterjee, vice chairman, SGH, told the Saudi Gazette: “This agreement will help pave the way in addressing our patient’s transportation needs.” As part of the agreement, patients will receive 20%
    Read More
  • October 31, 2019
    Intelematics: five takeaways from ITS World Congress in Singapore
    If you weren’t fortunate enough to be at the 26th ITS World Congress in Singapore – fear not! Stephen Owens of Intelematics takes you through his highlights of the show… Having recently topped the world’s first Smart City Index, Singapore was the ideal host city for this year’s ITS World Congress and provided a fantastic opportunity to bring the International ITS community to the Asia-Pacific (APAC) region. Themed ‘smart mobility, empowering cities,’ it was an enjoyable week full of networking and lea
    Read More
  • March 11, 2019
    British Safety Council launches app for measuring air pollution in London
    The British Safety Council (BSC) and Kings College London have launched an app for outdoor workers to measure exposure to air pollution – an increasing preoccupation for the ITS industry. The Canairy app could help improve workzone safety by providing employees, and their bosses, with information to help them reduce exposure to air pollution. The app is being launched as part of the BSC’s ‘Time to Breathe’ campaign, which seeks to encourage companies, policymakers and regulators to take the risks of
    Read More

Highlighted Content