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May 10, 2019

Shebah Rideshare Pty Ltd broke the Australian record for the largest Crowd Funding Equity Raising deal to date recently. The intermediary company which acted for Shebah, Birchal announced that $3 million was raised from 2,117 investors which tops the previous record of $2.6 million held by digital banking start up Xinja.

Birchal said that, prior to this offering, Shebah had been “dismissed by Australia’s Angel and VC investors”.

95% of the investors were female.

Andrew Geddes, an experienced public company director, Chair and founder of Financial Management Research Centre (FMRC) and ....