Friday, November 22

Tag: Shohoz

Top 5 Funding of The Week (24th Sept – 29th Sept)
FUNDING

Top 5 Funding of The Week (24th Sept – 29th Sept)

This week witnessed various funding rounds from a lot of well-known companies and also from well-known backers. Companies like Oyo, Shohoz etc raised funds for different purposes and secured valuable amount of funds. The largest amount of funds were raised by Indian ride-hailing firm Oyo after which the company's valuation has reached around $5 billion and thus, the company crossed a milestone. Here we have the summary of the top five funding activities of the week.     1. SHOHOZ   Bangladesh-based ride-hailing and ticketing platform Shohoz has reportedly secured funds amounting to $15 million in pre-series B financing round. This funding round was led by Singapore’s Golden Gate Ventures.  The other backers that participated in this round included Linear...
Bangladesh-based Shohoz Raises $15 million in Pre-series B Funding
FUNDING

Bangladesh-based Shohoz Raises $15 million in Pre-series B Funding

Bangladesh-based ride-hailing and ticketing platform Shohoz has reportedly secured funds amounting to $15 million in pre-series B financing round. This funding round was led by Singapore’s Golden Gate Ventures.  The other backers that participated in this round included Linear VC, 500 Startups and Singaporean angel investor Koh Boon Hwee. The funds so raised by the company are being planned to be used in the expansion of its services as well as to fight against rival Pathao. Also, it will use a part of the fresh capital for customer acquisition and retention and expand into other on-demand services. “Bus tickets will remain an important part of our business, [there’s] lots of synergy with ride-sharing,” CEO Maliha Quadir stated. “Dhaka has a super dense population with bad infrastruct...