The InDrive mobility app achieved an investment of US$150 million from General Catalyst. The flow of funds will be used to finance marketing projects, improve the quality of its technological solutions and develop new business units. General Catalyst invests in Indrive The InDrive mobility app present in Peru and the second shared mobility application globally after Uber, raised US$150 million in investment from General Catalyst, an international entrepreneurial capital firm. With this, the company seeks to finance marketing projects, including user acquisition and retention. General Catalyst’s investment in InDrive wouldn’t be the first.
In which area will InDrive invest?
This new investment will provide greater financial flexibility to the company and will support the continuous growth that the platform has presented since its founding in 2013. Likewise, the Siberian-born firm noted that with this investment they will be able to maintain their high double-digit growth rates; as well Oman WhatsApp Number Data as improve the quality of our technological solutions and develop new business units. In this regard, Arsen Tomsky, CEO and Founder of InDrive, stated: “this investment reflects General Catalyst’s conviction in our ability to continue expanding successfully in new communities and new sectors, globally and for the Latin American region, in the next years.” commented the executive.
Situation and prospects
During 2022, InDrive recorded 88% year-over-year growth in gross revenue. Currently, it operates in 47 (including Peru) and expanded its team to 2,700 employees located in 17 offices Philippines Telegram Number List around the world, of which 1,000 will join in 2022. The application increased the number of downloads by 45% annually, reaching 61.8 million in 2022 compared to 42.6 million in 2021, becoming the second most downloaded mobility application in the world, based on data from Google Play and App Store, the company highlighted. Last year, the global mobility and urban services company launched new business units, expanding its solution proposal from ride-sharing to freight, deliveries and domestic services.
