Ride-hailing service inDrive, whose gross revenue increased 88% in 2022, raised $150M in debt, that links repayment to its performance, from General Catalyst (Jake Rudnitsky/Bloomberg) #GeekLeap


Jake Rudnitsky / Bloomberg:

Experience-hailing service inDrive, whose gross income elevated 88% in 2022, raised $150M in debt, that hyperlinks reimbursement to its efficiency, from Common Catalyst  —  InDrive, the second-most downloaded ride-hailing app on the earth, raised $150 million utilizing an uncommon debt instrument that hyperlinks reimbursement to the corporate’s efficiency.

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