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

  • December 4, 2018
    Transdev and Mobike to make free floating bikes available across France
    Mobility operator Transdev and bike-share company Mobike will offer ‘free floating’ bicycles to local authorities in France in a partnership to provide residents with a ‘clean’ last-mile solution. Transdev says 70% of local authorities in France consider the development of ‘soft’ transportation modes as a priority in the transition to clean energy. The companies aim to market the Mobike bicycles in more than ten authorities over the next year. Richard Dujardin, general manager of Transdev France, says:
    Read More
  • January 25, 2016
    USDOT sponsors new connected vehicle webinars
    The US Department of Transportation (USDOT) is sponsoring three webinars to assist the Connected Vehicle Pilot sites, early installers and other interested stakeholders, as part of the Connected Vehicle Pilot Deployment Program Technical Assistance Webinar series, which began last month. The Connected Vehicle Pilot Deployment Program seeks to combine connected vehicle and mobile device technologies in innovative and cost-effective ways. Ultimately, this program will improve traveller mobility and syste
    Read More
  • August 14, 2018
    Passport's parking app available in the City of Orillia, Canada
    Drivers in the City of Orillia, Canada, can use Passport's parking app at 200 on-street spaces and nearly 500 off-street spaces in the downtown area. The City has made PassportParking available to residents and visitors to offer a more convenient payment method. Users can also extend their parking sessions remotely, keep track of parking history, receive notifications and get email receipts.
    Read More
  • July 27, 2018
    Uber’s self-driving cars resume trials in Pittsburgh in manual mode
    Uber’s self-driving cars are being manually driven on public roads in Pittsburgh after a fatal crash which prompted the company to pull out of its testing programme in North America. The company is trialling new safeguards which it says will improve vehicle fleet safety and performance. According to a report by Medium, Eric Meyhofer, head of Uber Advanced Technologies, says: “While we are eager to resume testing of our self-driving system, we see manual driving as an important first step in piloting thes
    Read More

Highlighted Content