inDrive Global Mobility Platform Raises $150M to Challenge Uber

Global mobility and urban services platform inDrive has raised $150 million for its continued expansion.

The firm, which was formerly known as inDriver, said in a Monday (Feb. 20) press release that it would use the new capital to acquire and retain customers and support its continued growth.

“We are pleased that General Catalyst has again invested in inDrive, enabling us to maintain our high double-digit growth rates, improve the quality of our offering and develop new business verticals,” inDrive Founder and CEO Arsen Tomsky said in the release.

inDrive’s app facilitates ride-hailing, intercity transportation, cargo and freight delivery, task assistance, delivery and employment search. Job classifieds and group buying services were added during the past year to the services already offered by the app, according to the press release.

The app is used in 47 countries, up from 37 in 2021, the release said.

It was downloaded 61.8 million times in 2022, up from 42.6 million in 2021. This brought its total number of downloads to more than 150 million, per the release.

“General Catalyst is optimistic inDrive is set for sustained growth, and we are excited to back a business that we believe has a strong mission and benefits so many communities around the world,” General Catalyst said in the release.

The pandemic’s impact on the mobility business is in the past, Uber CEO Dara Khosrowshahi said on Feb. 8.

Khosrowshahi said during Uber’s quarterly earnings call that riders have been flocking to the firm’s core offerings of getting users from Point A to Point B and getting things delivered to the doorstep.

“We are quite actively continuing to innovate in terms of the benefits that we offer … it creates great stickiness and member retention,” Khosrowshahi said.

As PYMNTS reported on Feb. 10 — while comparing Uber’s recent results with those of competitor Lyft — the broader the platform and the more opportunity for users and drivers to pivot between activities without leaving the ecosystem, the better the revenue tailwind.

PYMNTS research shows that a significant percentage of consumers would love to take advantage of super apps that combine a range of daily activities through a single, “hub” point of contact.