Golden Gate Ventures Leads US$15 Million Investment in Shohoz (Asia)

Source(s): e27 | Date: 24 September 2018 | Author(s): Anisa Menur A. Maulani

Southeast Asia-focused venture capital fund manager Golden Gate Ventures has led a pre-Series B funding round of US$15 million for Shohoz, a Bangladesh-based ride-hailing and online ticket booking platform. Singaporean angel investor Koh Boon Hwee and early-stage venture capital firms Linear Venture and 500 Startups also participated in the funding round. Shohoz plans to use the new funds to grow its customer base, support customer retention and expand its product offerings to include other on-demand services.