InDrive Launches $100M Venture Arm to Invest in High-Growth Startups Across Emerging Markets
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InDrive launches new $100M venture arm called New Ventures to invest in startups across emerging markets like Latin America, Middle East, Africa, etc.
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New Ventures will target startups in post-seed/Series A stage with high growth rates.
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Portfolio companies will get support from InDrive to scale using its platform, tech, and 200M+ customers.
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Andries Smit, former partner at Stryber, leads New Ventures as VP to identify and scale high-growth companies.
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InDrive provides urban services like ride-hailing, intercity transportation, delivery, assistance, etc. across 45+ markets.