indrive

Ride-sharing app inDrive is positioned for significant growth after raising another $150 million from venture capital firm General Catalyst. This extension of last year’s funding round enables inDrive to accelerate its expansion into new markets and invest in product enhancements.

Flexible Funding for Ambitious Growth

The additional capital provides inDrive with financial flexibility, allowing the company to:

  • ­Reach new customers in untapped markets
  • ­Improve its app features and user experience
  • ­Expand services beyond traditional ride-hailing

Quotes: Demonstrating Confidence

  • Dmitry Sedov, CFO at inDrive: “Securing this financing from General Catalyst empowers us to continue our rapid growth and innovation… We are grateful for the confidence General Catalyst has shown in our mission and strategy…”
  • Pranav Singhvi, Managing Director, General Catalyst: “As long-time partners with inDrive…we are enthusiastic about supporting a business with a robust mission that positively impacts communities globally.”

Building on Previous Success

This boost comes after a record year for inDrive, which saw a 54% net revenue increase in 2023. The company operates in nearly 48 countries, primarily in emerging markets.

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Nigel Jr.
As a tech enthusiast and expert, Nigel Jr. is dedicated to providing in-depth and insightful content on all things technology. With a background in online journalism, product reviewing, and tech creation, Nigel has become a trusted source for all things tech.

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