The inDrive service has raised $150 million from the General Catalyst fund, the company’s press service reported. The money will be used to launch new features and expand into new markets.
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A total of $300 million has been raised from General Catalyst; the previous round took place last year.
The company will use the funds raised to further develop the product, including by developing new security features. The service also plans to expand the list of services and continue developing new markets.
“This financing also confirms investors’ confidence in the company’s sustainable growth and agreement with its mission and goal to positively influence the lives of more than one billion people by 2030,” the press service noted.
According to the company’s CFO Dmitry Sedov, additional financing from the venture fund will help focus on innovation while maintaining a strong financial position and flexibility.
inDrive operates in 46 countries; Now the company’s largest office is located in Kazakhstan and employs about a thousand people.
Almaty is home to the largest office of inDrive, which currently operates in 46 countries and has about a thousand employees.
- Last spring, due to the risk of sanctions, inDrive transferred its Russian legal entity to a Kazakhstan structure. In May it became known that the service would stop operating in the Russian Federation. The company’s team has launched a new application called Drivee.
- In the summer of the same year, the service entered the American market.
- In December 2023, the project’s founder, Arsen Tomsky, announced that he had received a Kazakh passport.
Author:
Natalia Gormaleva
Source: RB
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