Ride-hailing startup 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 — which means ‘easy’ in Bengali — started in 2014 offering online bus ticket sales before expanding into other tickets like ferries. The startup moved into on-demand services in January when it added motorbikes and then it recently introduced private cars.

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.

Then it is also eyeing up services that’ll take it beyond point-to-point transportation and into ‘super app’ territory in the style of Go-Jek and Grab,  the two Southeast Asia-based unicorns. For Shohoz, that’ll initially include food delivery, but there are also plans to add on-demand services — Go-Jek, for example, offers services like groceries, hairdressers or massages on demand. Ultimately, Quadir plans to add financial services, too, which could mean payments and financial products in the future.

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