inDrive is a Mountain View, CA-based mobility and urban services platform that provides ride-hailing and an expanding portfolio of urban services. Its offerings include intercity transportation, freight delivery, task assistance, courier and B2B delivery, and it uses a peer-to-peer pricing model. The company operates in 749 cities across 46 countries. inDrive supports local communities via community empowerment programs that advance education, sports, arts and sciences, gender equality and other initiatives. The company plans to use additional financing to bolster growth, invest in product improvements, expand service offerings, and enter new markets. It secured an additional $150M extension investment from General Catalyst to fund these initiatives. inDrive operates a mobility and urban services platform based in Mountain View, CA. The company announced a $150 million raise via an innovative hybrid instrument from General Catalyst. Proceeds are earmarked for marketing spend, specifically user acquisition and retention. Management says the funding will provide additional financial flexibility and support ongoing growth. General Catalyst previously participated in inDrive's $150 million Series C round led by Insight Partners in 2021.

Total raised

$150M

Funding rounds

1

Latest round

Equity

Latest activity

Mar 2024