A firm, inDrive, a leading global mobility and urban services platform, has announced the expansion of its financing arrangement with General Catalyst to $300m, up from the initial $150m secured in 2023.
The financing extension, which could be further extended for an additional year, “enhances inDrive’s financial flexibility, enabling the company to bolster growth, invest in product improvements, expand its service offerings, and enter new markets.”
We are grateful for the confidence General Catalyst has shown in our mission and strategy, as we strive to make mobility accessible for communities around the globe.” With the latest financing arrangement, inDrive is poised for further growth in 2024. This strategic financial support will aid inDrive in expanding its service offerings, and strengthening its global presence, all while adhering to its core mission of challenging social injustice and promoting equitable access to mobility services.Before flagging, please keep in mind that Disqus does not moderate communities.
The Nigeria Customs Service has announced the suspension of the 25% penalty previously imposed in addition to import duty on improperly imported vehicles. The suspension was disclosed on Friday in a statement signed by the Customs' spokesperson, Abdullahi Maiwada. Maiwada said the suspension of the fine was approved by the Minister and Coordinating Minister…
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