Ride-hailing startup Shohoz raises $15M to build the Grab of Bangladesh

Uber might be worldwide however it is especially the option in a few sections of the world. One such place is Bangladesh — the South Asian nation that is home to 160 million individuals — where neighborhood match Pathao is sponsored by Go-Jek and as of late raised $10 million. Presently Pathao's nearest equal, Shohoz, has additionally pulled in speculation after it shut a $15 million subsidizing round.

Shohoz — which signifies 'simple' in Bengali — began in 2014 offering on the web transport ticket deals before venturing into different tickets like ships. The startup moved into on-request benefits in January when it included motorbikes and after that it as of late presented private autos. President Maliha Quadir revealed to TechCrunch that it is currently enlisting one million finished rides for every month as it offers to "rearrange" life in capital city Dhaka, which houses more than 18 million individuals and offers constrained transport choices.

"Transport tickets will remain a vital piece of our business, [there's] loads of cooperative energy with ride-sharing," she clarified in a meeting. "Dhaka has a super thick populace with awful foundation, in the event that anything there's a superior case for ride-sharing than Indonesia… there's no tram and transport is a shocking bad dream."

Singapore-based Golden Gate Ventures — which as of late shut a $100 million reserve — drove the new Shohoz round. Straight VC of China, 500 Startups and Singaporean-based holy messenger speculator Koh Boon Hwee additionally participated.