Eleqtisade News
  • Home
  • Economy
    • Economy of Egypt
  • Banks
  • Stock Exchange
  • Tech
  • Social responsibility
  • More
    • Real Estate
    • Industry and investment
    • Cars and transportation
    • Energy
    • Know your bank
    • Markets
    • Opinion writers
    • Tourism & Aviation
    • video
  • English
    • العربية
    • English
07/06/2025 - 3:37 pm
No Result
View All Result
  • Home
  • Economy
    • Economy of Egypt
  • Banks
  • Stock Exchange
  • Tech
  • Social responsibility
  • More
    • Real Estate
    • Industry and investment
    • Cars and transportation
    • Energy
    • Know your bank
    • Markets
    • Opinion writers
    • Tourism & Aviation
    • video
  • English
    • العربية
    • English
No Result
View All Result
Eleqtisade News
No Result
View All Result
  • Home
  • Economy
  • Banks
  • Stock Exchange
  • Tech
  • Social responsibility
  • More
  • English

inDrive raises $150 million from General Catalyst to boost growth

inDrive raises $150 million from General Catalyst to boost growth
  • 21/02/2023 - 1:43 pm
  • write : Ali
  • Tech

Font size

A A
Share on FacebookShare on Twitter

inDrive, a global mobility and urban services platform, announces that it has raised $150 million in an innovative hybrid instrument from General Catalyst to fund marketing spend, including user acquisition and retention costs. This new funding will give inDrive additional financial flexibility and will support the company’s ongoing growth. General Catalyst previously participated in inDrive’s $150 million Series C investment round led by Insight Partners in 2021.

Arsen Tomsky, inDrive founder and CEO, said: “We are pleased that General Catalyst has again invested in inDrive, enabling us to maintain our high double-digit growth rates, improve the quality of our offering, and develop new business verticals. inDrive is in a strong financial position and has a choice of financing instruments that best suit its requirements. I believe that this financing reflects General Catalyst’s conviction in our ability to continue to successfully expand into new communities and new business verticals in the coming years.”

General Catalyst said in a statement: “General Catalyst is optimistic inDrive is set for sustained growth, and we are excited to back a business that we believe has a strong mission and benefits so many communities around the world. It’s important to us that the investments we make have a positive impact, and inDrive is well placed to do so.”

inDrive continued its rapid growth in 2022, despite a challenging global macro environment, with an 88% year-on-year increase in gross revenue serving as solid evidence of the business’s resilience. The number of countries where the company operates reached 47, up from 37 in 2021. inDrive expanded its team to 2,700 employees spread across 17 offices worldwide, with 1,000 newcomers in 2022.

inDrive was the world’s fastest growing international ride-hailing app in 2022, according to data.ai (formerly App Annie). The app saw a 45% increase in downloads year-on-year, climbing from 42.6 million in 2021 to 61.8 million in 2022 to become the 2nd most downloaded ride-hailing app worldwide based on Google Play and App Store data (China is App Store only).

In 2022, the company launched several new verticals, expanding its offering from passenger and cargo transportation, delivery, and handymen services to include job classifieds and group buying services. The company recently rebranded from inDriver (Independent Drivers) to inDrive (Inner Drive) to reflect its ambitious mission of Challenging Injustice.

Tags: financial flexibilityGeneral Catalystglobal mobilityinDriveurban services

Short link:

RelatedPosts

Related Posts

اندرايف تحصل على 150 مليون دولار إضافية من General Catalyst لتعزيز التوسع والابتكار
Tech

inDrive Secures additional $150 Million from General Catalyst to Accelerate Expansion and Innovation

inDrive  تطبيق النقل الذكي الأكثر تحميلاً بمصر والثاني في العالم
Tech

inDrive offers an Umrah Trip and smartphones for Ramadan Contest

بجوائز تصل لـ 30 الف دولار .. 6 شركات مصرية ناشئة ضمن الترشيحات النهائية لـ Underdog
Tech

Six Egyptian startups and one from Middle east at the shortlisted of Underdog award

inDrive  تطبيق النقل الذكي الأكثر تحميلاً بمصر والثاني في العالم
Tech

inDrive is N1 Ride-hailing App in Egypt and N2 in the world

اندرايف تطلق خدمة المٌريحة في القاهرة والإسكندرية
Tech

inDrive launches comfort class service in Cairo and Alexandria

Next Post
للعام الرابع على التوالي .. Top Employers تمنح «فايزر» لقب أفضل صاحب عمل

Pfizer Egypt receives the award for Top Employer for the Fourth Consecutive Year

About Eleqtisade News

Eleqtisade News website is concerned with all economic affairs at the local level in various sectors, including banks, the stock market, investment, real estate, cars, communications, markets, tourism, energy, transportation, navigation, insurance, and others.

Categories

  • Banks
  • Cars and transportation
  • Economy of Egypt
  • Energy
  • External economy
  • Home
  • Industry and investment
  • Markets
  • Opinion writers
  • Real Estate
  • Social responsibility
  • Stock Exchange
  • Tech
  • Tourism & Aviation
All rights reserved 2024 © Eleqtisade News . Powered by 
  • About
  • Advertise
  • Careers
  • Contact
  • Editorial Board
  • Homepage
wpChatIcon
wpChatIcon
No Result
View All Result
  • Home
  • Economy
    • Economy of Egypt
  • Banks
  • Stock Exchange
  • Tech
  • Social responsibility
  • More
    • Real Estate
    • Industry and investment
    • Cars and transportation
    • Energy
    • Know your bank
    • Markets
    • Opinion writers
    • Tourism & Aviation
    • video
  • English
    • العربية
    • English

All rights reserved 2024 © Al-Iqtisadi News. Powered by