inDrive raised $150 million from venture fund General Catalyst

inDrive, a global platform for transportation and urban services, has announced an expansion of its financing agreement with venture capital firm General Catalyst by an additional $150 million.

Following a successful 2023 for inDrive, during which the company's revenue grew by 54%, it is raising an additional $150 million in funding. This brings the total amount raised from General Catalyst to $300 million.

Notably, in 2023, the company's founder, Arsen Tomsky, became a citizen of Kazakhstan. inDrive's largest office, which currently operates in 46 countries, is located in the city of Almaty.

This additional funding will provide the company with flexibility in making business decisions and enable it to stimulate growth in key business metrics. inDrive plans to invest the funds in improving its product, launching additional safety features, expanding its range of services, and entering new markets. This financing also confirms investors' confidence in the company's sustainable growth and their alignment with its mission and goal—to positively impact the lives of over 1 billion people by 2030.