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

  • Intelligent parking barrier
    February 28, 2014
    The Barrier.Gate, an intelligent barrier system from Skidata, is an inexpensive solution for long-term parking facilities because it combines column and barrier in one product. Less consumption of energy and space are among its sustainable benefits. The barrier communicates via light signals of the integrated track light, while the built-in camera helps to prevent vandalism and unauthorised entry through a closing barrier.
    Read More
  • TomTom releases APIs to help EV developers
    September 2, 2019
    TomTom has launched two application programming interfaces (API) to help developers build applications for electric vehicle (EV) drivers. TomTom says the Long Distance EV Routing API comes with an algorithm which calculates the route - including stops to charge - and displays an estimated time of arrival. The EV Charging Stations Availability API provides information on stations according to plug type, the company adds. Anders Truelsen, managing director, TomTom Enterprise, says the company offers dev
    Read More
  • Volvo to provide EV service at Birmingham airport
    March 26, 2019
    Volvo Bus is to deliver six single-deck electric buses to serve as an environmentally-friendly transport service at Birmingham airport in the UK from October. Nick Barton, CEO at Birmingham Airport, says: “Since 2012 the Airport has reduced its CO2 by 20% per passenger. Implementing the six electric buses will work towards lowering our CO2 per passenger even further.” Volvo says its 7900e vehicles come with an electric motor and four high capacity 200 kWh Lithium-ion batteries, which means no tailpipe em
    Read More
  • ATRI seeks input on truck platooning
    November 25, 2014
    Working in collaboration with two FHWA-sponsored project teams, the American Transportation Research Institute (ATRI) is conducting research to explore trucking industry perspectives on the use of automated truck platooning, also known as Driver Assistive Truck Platooning. This concept is based on a system that controls inter-vehicle spacing based on information from forward-looking radars and direct vehicle-to-vehicle communications. Braking and other operational data is constantly exchanged between th
    Read More

Highlighted Content