The inDrive division invests up to $100,000,000 in promising projects

inDrive launches a new project, New Ventures. This company division will be engaged in venture investments as well as the search for promising startups for mergers and acquisitions.

The investment program of New Ventures has a budget of up to $100,000,000. The division will be headed by experienced entrepreneur and investment specialist Andris Smith in the role of Vice President. Nurken Rzaliev will become the head of the platform in the Middle East, Central, South, and Southeast Asia.

When selecting projects, they will adhere to the following criteria:

— project mission: to challenge injustice and strive to improve people's lives and society

— local startups with significant potential for global expansion

— post-seed stage companies and/or pre-Series A

— proven rapid organic growth

— healthy project economics and stable cash flows.

New Ventures will help investment targets and acquired companies rapidly scale using the inDrive platform. These companies will be able to gain a competitive advantage by leveraging inDrive's 200,000,000 customers across more than 45 markets in 700 cities, as well as access to the company's innovations and technologies.