Monday, September 25, 2023
  • Login
GoTradingAsia
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us
No Result
View All Result
GoTradingAsia
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us
No Result
View All Result
GoTradingAsia
No Result
View All Result

Pathao Attempts to Be the Super App

Hussain M Elius started Pathao with only 5 drivers, now it has 5 million across 5 cities in Bangladesh and Nepal.

D. Atika by D. Atika
4 years ago
in Asia Trade
Pathao banner

Pathao banner

Concerned with the traffic problem in his hometown, Hussain M Elius made a small solution. With five of his friends as the riders, Elius founded Pathao in 2013. He was inspired by Go-Jek, which later become one of its’ key investors. The company raised $12.8 million in its latest funding and now it’s valued at $100 million.

Pathao banner

The number 5 for Pathao

After just starting with five motorcycles, Elius soon found out that the demand for a motorcycle taxi is big. It is due to the non-existent fixed rides available in Dhaka, Bangladesh. The motorcycle taxi that’s cheap and fast soon became popular.

Within 5 years since its’ founding, Pathao had grown to four different cities across Bangladesh. The app has been downloaded for more than 5 million times. And it listed 5 million drivers available for the customers.

Settled in his country, Elius started to look over the neighbor countries. He then realized that Kathmandu is a prospective city. As it has more motorcycles than in Dhaka. Pathao then opened its’ first international branch as Pathao Nepal in Kathmandu.

RelatedArticle

The Fed Maintains Key Interest Rate

Why Increasing BNPL Use in Indonesia is Concerning

China’s Holdings of U.S. Government Bonds Fell

Ukranian Agricultural Trade Problem Causes Crack in EU

Still, more needs to be done

However the company still needs to grow bigger to followGo’s path. It has to deal with the regulation in the country. Because online ride hailing is still new to Bangladesh and Nepal, there are a lot of adjustments needed to be made on the regulation.

Cashless payment system is also still far from the more established ride hailing apps. The system is still too unfamiliar for the people of Bangladesh and Nepal. Most of the customers prefer paying in cash.

Pataho needs to think smarter to make it available, as it has bigger dream than just become a ride hailing apps. Elias admitted he wanted to make Pathao a lifestyle app that is used daily for majority of the people in the country. He also wanted to make it a super app in Bangladesh and expand even boarder to other countries with different languages.

Tags: ride hailingstartup
D. Atika

D. Atika

Related Posts

The Fed Maintains Key Interest Rate

by D. Atika
September 21, 2023

The Federal Reserve System (Fed), the central bank of the United States, strongly hinted at its policy of dragging high...

Read more

Why Increasing BNPL Use in Indonesia is Concerning

by D. Atika
September 20, 2023

In Indonesia, where credit card penetration is not active, the insolvency rate is also soaring as pre-purchase BNPL payments through...

Read more

China’s Holdings of U.S. Government Bonds Fell

by D. Atika
September 20, 2023

China's holdings of US government bonds fell for the fourth consecutive month, hitting a 14-year low. According to the South...

Read more

Ukranian Agricultural Trade Problem Causes Crack in EU

by D. Atika
September 19, 2023

Ukraine has decided to file a complaint with the World Trade Organization (WTO) against Poland, Hungary and Slovakia, which have...

Read more
Load More
Next Post

Do you want to do a property business without any capital? Here's the way!

Trending Issues

  • Cristiano Ronaldo makes Coca-Cola losing millions businesses

    Cristiano Ronaldo and His 6 Successful Businesses

    0 shares
    Share 0 Tweet 0
  • 5 K-Dramas to Watch for Some Money Lessons

    0 shares
    Share 0 Tweet 0
  • Circular Economy, the Future Trend of Business

    0 shares
    Share 0 Tweet 0
  • Direct Stock Purchase Plan in Methods Pt. 2

    0 shares
    Share 0 Tweet 0
  • Top 6 Female Traders

    0 shares
    Share 0 Tweet 0

Get the latest market news and trading tips to your inbox daily, subscribe now !

Topic

  • Asia News
  • Asia Trade
  • Bonus+Promotions
  • Broker News
  • Business News
  • Cryptocurrency
  • Currency Analysis
  • Finance News
  • Forex & Market
  • Forex Tips
  • Hot News
  • Investment Tips
  • Learn to Trade
  • Market Analysis
  • Politics Issue
  • Reviews
  • Social Media
  • Stock Analysis
  • Stock Market
  • Stock Trading Tips
  • Technical Analysis
  • Tips
  • trading strategy
Go Trading Asia

Go Trading Asia covers the latest in Business and Economic News and Market Analysis, with the aim of Providing Readers with the knowledge and tools to make better informed financial decisions.

  • Contact us
  • Privacy Policy
  • Disclaimer

© 2021 Go Trading Asia.

No Result
View All Result
  • Awards
  • Forex
  • Crypto
  • Stocks
  • Education
  • Broker Directory
  • Contact us

© 2021 Go Trading Asia.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In