Tech Company Financing Transactions
inDrive Funding Round
General Catalyst participated in a $150 million funding round for inDrive. This VC investment round was announced on 3/14/2024.
Transaction Overview
Company Name
Announced On
3/14/2024
Transaction Type
Venture Equity
Amount
$150,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The financing extension enables the company to bolster growth, invest in product improvements, expand its service offerings, and enter new markets.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
800 West El Camino Real 180
Mountain View, CA 94040
USA
Mountain View, CA 94040
USA
Phone
Undisclosed
Website
Email Address
Overview
It was New Year's Eve 2012 in the northern city of Yakutsk, when temperatures dropped to -45°C (-49 °F), and local taxi companies responded with a coordinated doubling of their rates, leaving many locals stranded in the Siberian winter. This collusive and unfair price hike angered the citizens of Yakutsk, who banded together on social media to request, offer, and most importantly, agree on fair prices for their rides. This grassroots, collective, online action eventually became the inDrive app.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Arsen Tomsky
Browse more venture capital transactions:
Prev: 3/14/2024: DraftWise venture capital transaction
Next: 3/14/2024: NeoTaste venture capital transaction
Share this article
Where The Data Comes From
Our team works diligently to report on all VC transactions involving tech companies. VC investment data records reported here are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs