inDrive has raised $150 million from General Catalyst to accelerate growth, expand its user base, and launch new services.

inDrive, a global platform for transportation and urban services, announced the raising of an innovative hybrid financing round totaling $150 million from General Catalyst.

The purpose of the financing is to cover marketing expenses and costs associated with user acquisition and retention. These funds will provide inDrive with additional financial flexibility and support the company's continued growth.

General Catalyst previously participated in inDrive's $150 million Series C investment round led by Insight Partners in 2021.

In 2022, inDrive continued its rapid growth despite challenging global macroeconomic conditions, increasing its revenue by 88%, which serves as strong evidence of the business's resilience. The company's presence expanded to 47 countries, up from 37 in 2021. inDrive grew its team to 2,700 employees across 17 offices worldwide, with 1,000 new hires joining in 2022.

According to data.ai, inDrive became the fastest-growing international ride-hailing app globally in 2022.

App downloads grew by 45% year-over-year, increasing from 42.6 million in 2021 to 61.8 million in 2022, making it the second most downloaded urban mobility app worldwide according to Google Play and App Store data.

In 2022, inDrive launched several new services. In addition to its existing offerings for passenger and freight transportation, courier delivery, and handyman services, the company introduced job search and group buying services. Recently, the company rebranded, changing its name from inDriver (Independent Drivers) to inDrive (Inner Drive) to reflect its ambitious mission to combat injustice.