November 17

InDrive Launches Ventures and M&A Arm to Invest $100 Million in Startups Across Emerging Markets

By Tage Kene-OkaforRebecca Bellan

InDrive, the “bid-based” ride-hail platform popular in Latin America and Asia, has launched a new venture and merger and acquisition division named New Ventures to invest up to $100 million in startups within emerging markets over the next few years.

The new venture arm comes four months after InDrive launched in its first U.S. market of south Florida.

Photo courtesy of Focal Foto.

Source: Tech Crunch (link opens in a new window)

Investing, Transportation
fintech, lending, startups