In brief: Bangladeshi ride-hailer Shohoz raises $15m

Shohoz, a Bangladesh-based online ride-sharing and ticketing platform, announced today that it has raised US$15 million pre-series B investment.

Shohoz lets consumers book car and motorbike rides for their daily commute, reserve bus and ferry seats, and even buy movie tickets from its website and app. It will use the fresh capital for customer acquisition and retention and expand into other on-demand services.

This “super-app” is envisioned to provide all major on-demand services like transportation, food, medicine, financial services, bus tickets, and more — all with one swipe on their smartphone.

Source: Shohoz

Singapore-based Golden Gate Ventures led the US$15 million investment, which Shohoz claims is the country’s largest single venture capital deal to date. China’s Linear VC, 500 Startups, and Singapore angel investor Koh Boon Hwee also participated.

Shohoz’s main rivals in Bangladesh include Uber and local firm Pathao, which is backed by Indonesian ride-hailer Go-Jek and claims a valuation of over US$100 million.

“Shohoz” means “easy” in Bengali.