Intelligence Brief: The Ride-hailing Market Updates

Intelligence Brief: The Ride-hailing Market Updates

Table of Contents

  1. Overview
  2. The bike-hailing growth continues
  3. Every ride-hailing player aims to be a platform/aggregator in a bid to seek further growth
  4. Loyalty remains a persistent challenge
  5. Ride-hailing companies struggle to comply with the guidelines
  6. Ride-hailing has contributed to the influx of vehicles in Dhaka street and to traffic congestion
  7. Jobike launches in Dhaka, Jobike’s last mile thesis

(1) Overview

Ride-hailing continues to be one of the most happening markets in Bangladesh. 2018 was a big year for the industry. Pathao raised a US$10 million in funding led by Go-Jek and participated by existing investors Openspace Ventures, Osiris Group and Battery Road Digital Holdings. Shohoz raised US$15 million led by Singapore-based Golden Gate Ventures and participated by Linear VC of China, 500 Startups and Singaporean-based angel investor Koh Boon Hwee. Uber has also increased its focus on bike sharing market while it continues to dominate the car market.

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