inDrive to Challenge Grab, Gojek with New Funding

By Editorial Team 23/02/2023
inDrive
Summary

Global mobility and urban services platform inDrive has raised US$150 million in funding for an innovative hybrid instrument from General Catalyst.

inDrive founder Arsen Tomsky explained the company planned to use the new capital to finance marketing and user acquisitions and retentions. General Catalyst previously participated in inDrive's US$150 million Series C funding round led by Insight Partners in 2021.

Tomsky explained that the funds would provide inDrive financial flexibility and further support the company's growth. "We are pleased that General Catalyst has again invested in inDrive, enabling us to maintain high double-digit growth rates, improve the quality of our offering, and develop new business verticals," he said on Wednesday.

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