Shohoz, the largest online destination in the country, has been featured on CB Insights Startup Continent as Bangladesh’s number 1 well-funded startup.
The startup had started as an online ticketing platform, and now it has expanded its operation to ride-sharing and food delivery services with massive success.
CB Insights, a machine intelligence driven market and data intelligence paltform, prepared the funding map identifying the most well-funded VC-backed tech startups in the Asia-Pacific region, based on disclosed equity funding. The map shows companies that have raised a minimum of USD 1.0 million and raised any amount of equity funding since January 2014. While the list focuses on the recent round of funding raised by Shohoz, it is worth mentioning that the company has raised a sizable amount of funding previously as well.
The Asia and the Pacific region is home to 19 countries or regions in which the most well-funded tech startup has raised at least USD 1.0 million in funding.
Five companies have raised more than USD 1.0 billion, and only Ant Financial has raised more than USD 10 billion in total equity funding.
Shohoz has raised USD 15 million funding from Singapore-based investment firm Golden Gate Ventures. As of yet, it is the largest disclosed funding round for any Bangladeshi tech company. The least well-funded startup on the map is Sri Lanka-based oDoc, which has raised USD 1.1 million in seed funding.
Shohoz which means “Easy” in Bengali, was started with a simple vision of making lives easier by solving the logistics challenges in Bangladesh. Now, the start-up setting up vision to be the largest one-stop destination for all essential services online.