inDrive raises additional $150M in funding to fuel further growth

Mar 14, 2024•over 1 year ago

Amount Raised

$150 Million

Mountain ViewRide SharingTransportationTravel

Investors

General Catalyst

Description

inDrive, the bid-based ride-hailing platform, has secured an additional $150 million in financing, bringing the total investment to $300 million. The funding will be used to enhance financial flexibility, invest in product improvements, expand service offerings, and enter new markets.

Company Information

Company

inDrive

Location

Mountain View, California, United States

About

inDrive is a global mobility and urban services platform headquartered in Mountain View, California, USA. The inDrive app has been downloaded over 175 million times, and was the second most downloaded mobility app in 2022. In addition to ride-hailing, inDrive provides an expanding list of urban services, including intercity transportation, freight delivery, courier delivery and jobs classifieds. inDrive operates in more than 614 cities across 47 countries. It supports local communities via its peer-to-peer payment model and community empowerment programs, which help advance education, sports, arts and sciences, gender equality and other vital initiatives. For more information visit www.inDrive.com

Related People

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends