StageDebt | Alive
Last Raised$150M | 4 mos ago
inDrive is an online transportation booking platform. It offers a mobile application that allows users to book city rides, intercity rides, couriers, and freight delivery. InDrive was formerly known as inDriver. The company was founded in 2013 and is based in Mountain View, California.
Missing: inDrive's Product Demo & Case Studies
Promote your product offering to tech buyers.
Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.
Missing: inDrive's Product & Differentiators
Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).
Expert Collections containing inDrive
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
inDrive is included in 1 Expert Collection, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
Latest inDrive News
Jun 5, 2023
The two biggest factors that differentiates InDrive is that there's no price-setting algorithm and lower commissions. 05 Jun 2023, 2:21 PM IST 05 Jun 2023, 2:21 PM IST WhatsApp (Source: InDrive) A ride-hailing unicorn that traces its origins back to the coldest city in the world is now aiming to make a dent in India, cashing in on drivers that are "fed up" with the high commissions of giants like Uber and Ola.InDrive, formerly InDriver, was born out of a grassroots movement in Yakutsk, Russia, when citizens protested against local taxi companies that had doubled their rates on New Year’s Eve in 2012, leaving locals stranded ... A ride-hailing unicorn that traces its origins back to the coldest city in the world is now aiming to make a dent in India, cashing in on drivers that are "fed up" with the high commissions of giants like Uber and Ola. InDrive, formerly InDriver, was born out of a grassroots movement in Yakutsk, Russia, when citizens protested against local taxi companies that had doubled their rates on New Year’s Eve in 2012, leaving locals stranded in the Siberian winter. Now, InDrive is present in 47 countries and over 700 cities across the globe. It entered India first in 2019, in middle-sized cities such as Bhopal, Ludhiana, and Jaipur, but pulled the plug once Covid hit. It has now re-entered India, launching in Delhi, Kolkata, and Mumbai. "We are normally present in emerging markets, and one of the biggest ones is obviously India, which is growing very fast," Roman Ermoshin, director of Asia Pacific at InDrive, told BQ Prime in an interaction. The two biggest factors that differentiate them from incumbents are that there's no price-setting algorithm and significantly lower commissions, Ermoshin said. To be clear, InDrive offers users and drivers the ability to fix their own price on the app. It shows a suggested fare in major cities, which can be negotiated. On its website, InDrive claims that rides on its app are 20% cheaper than other services on average. "There is no algorithm behind InDrive for setting up the price...We believe that people can negotiate and agree with each other. We just give them the technology to find each other. There is a lot of work being done to make that technology better; we've got almost 3,000 people working for us," Ermoshin said. He said that the response the app got in Delhi and Kolkata was "pretty good because drivers in these big cities are pretty fed up with the high commissions." "The current players are kind of dominating, and drivers don't really have a choice. They know that they cannot negotiate the price that the app has set." InDrive, in the first stage of expansion in any city, starts off by charging 0% service fees to drivers to drum up demand. Over time, it starts charging certain fees, but it never exceed 10%. That compares with the 20% fees that Ola and Uber charge. "This commission is never more than 9.99%, and it's normally the lowest commission in the market if you compare it with the big players. It's like two or three times cheaper. Drivers are happy to pay that much because everyone understands that service cannot be free. There is quite a lot of work happening behind the scenes, with the support of technology, so there's always a commission," Ermoshin said. Watch The Interview Here: ADVERTISEMENT
inDrive Frequently Asked Questions (FAQ)
When was inDrive founded?
inDrive was founded in 2013.
Where is inDrive's headquarters?
inDrive's headquarters is located at 800 West El Camino Real, Mountain View.
What is inDrive's latest funding round?
inDrive's latest funding round is Debt.
How much did inDrive raise?
inDrive raised a total of $315M.
Who are the investors of inDrive?
Investors of inDrive include General Catalyst, Insight Partners, Bond Capital and Leta Capital.
Who are inDrive's competitors?
Competitors of inDrive include Bykea and 6 more.
Compare inDrive to Competitors
Cabify provides transportation services to promote mobility in cities. Its services offer taxi cars with added features such as a choice of music, magazines, and water, among others, driven by trained drivers. The company was founded in 2011 and is based in Madrid, Spain.
RideCharge, formerly TaxiMagic, dba Curb, connects users to safe, reliable rides from professional drivers. Download Curb for iPhone or Android to request a ride with the tap of a button, track a driver's arrival and pay fares seamlessly.
Bolt operates as an international transportation network company. The company offers an all-in-one mobility application that allows users to book their rides and also provides scooter rental services, car rental services, food and grocery delivery services, and more. It was formerly known as Taxify. The company was founded in 2013 and is based in Tallinn, Estonia.
blox provides web3 solution to decentralize power and mobility. The company develops a business to business (B2B) mobility blockchain platform to connect micro-mobility providers, fleet operators, public transportation and corporate mobility managers. It also uses green-proofed blockchain technology to contribute to carbon zero solutions. It was founded in 2021 and is based in Dublin 2, Ireland.
Taxi Apps is the developer of goCatch, a free smartphone application that connects passengers directly with taxi drivers allowing customers to book a cab with certainty every time.
Tiantian Yongche (Ttyongche) is a Beijing-based carpool mobile app maker. Its apps help office workers find carpool partners via a bidding process. It currently facilitates an average orders of 5,000 per day.
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.