Intelligence Brief: The Ride-hailing Market Updates
Table of Contents
- The bike-hailing growth continues
- Every ride-hailing player aims to be a platform/aggregator in a bid to seek further growth
- Loyalty remains a persistent challenge
- Ride-hailing companies struggle to comply with the guidelines
- Ride-hailing has contributed to the influx of vehicles in Dhaka street and to traffic congestion
- Jobike launches in Dhaka, Jobike’s last mile thesis
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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Ruhul Kader is the Co-founder and CEO of Future Startup and author of Rethinking Failure: A short guide to living an entrepreneurial life. He writes about internet business, strategy, technology, technology policy, and society. He can be reached at [email protected]