Ride-sharing service Shohoz has raised $15 million in pre-series B funding.
The round is led by Golden Gate Ventures and includes investment from Linear VC, 500 Startups and angel investor Koh Boon Hwee.
The Bangladesh-based business enables consumers to book car and motorbike rides as well as reserve bus seats and buy ferry tickets. It also offers movie tickets.
In a statement, Shohoz says the investment will go towards customer acquisition and retention as well as expansion into further on-demand services.
The statement adds that the company aims to create a single platform with “simple solutions to help consumers solve their daily needs and hassles.”
Apart from transport, this could include food, medicine and financial services.
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Shohoz was launched in 2014 but only added ride-sharing services at the beginning of this year.
Founder and managing director Maliha Quadir says:
“We started with tickets, added ride-sharing in 2018, and are now executing on a grander “super-app” strategy.
The statement also draws similarities with ride-sharing in Indonesia, where services such as Grab have seen huge growth, in terms of the urban population and poor transportation infrastructure and a lack of taxi players.
Bangladesh is also hotly tipped as the next key Asian market.
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