InDrive launches new venture and M&A arm

Nov 17, 2023 • Roshini Bains

The US-based international ride haling company has launched a new venture capital firm that will invest $100m in startups operating in emerging markets.

Andries Smit, vice president of New Ventures at inDrive
California-headquartered ride-hailing services company inDrive has announced the launch of a new venture and mergers and acquisitions arm.
The corporate venture unit, New Ventures, will invest up to $100m in startups in post-seed to series A funding stages and that operate in at least one emerging market such as Latin America, Central Asia an...

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