Monday, 19 March 2018

Go Jek invests $2 millions on Pathao

Sofian Khan

An app based ride-hailing organization from Indonesia “Go-Jek” has invested $2 million on Bangladesh centric ride hailing organization “Pathao” – reports Deal Street Asia. This deal was a result to Go-Jek’s planning to invest in a Bangladeshi startup for several weeks.Go-Jek has brought a small share of Pathao as the Bangladeshi startup refused to sell most of its holdings. According to industry experts, this deal will allow Go-Jek a great introduction in a populated and flowing market like Bangladesh. Likewise Indonesia, traffic is a massive problem in Bangladesh. Go-Jek’s experience with the transportation business is now hoped to reduce Bangladesh’s problems as well.Under the supervision of Hussain Elius, Pathao started its journey as a delivery partner in Bangladesh’s E-commerce business on 2015. It is now claimed to be the biggest organization in Bangladesh in this sector. Although they started with app based motorcycle ride sharing service, they have extended to their own Parcel delivery wing.According to its Co-Founder & CEO Hussain Elius, Daily Pathao is carrying on over couple of thousands rides. According to Crunch base, the Bangladesh based startup received huge investments in 2015 right on their beginning. Pathao and other ride-hailing organizations in Dhaka are visioned to save the working time wasted in Dhaka’s busy traffic with cost-efficiency.

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