The inDriver service from russian developers allows the user to agree on the terms of the trip directly with the taxi driver. Thus, price control is in the hands of passengers, and the company can not...
The inDriver service from russian developers allows the user to agree on the terms of the trip directly with the taxi driver. Thus, price control is in the hands of passengers, and the company can not manipulate tariffs, for example, in order to get more money from more wealthy customers.
One of the company's main competitive advantages is reduced commissions for drivers. The usual inDriver’s commission is 5%, and, for example, in Moscow, where there is an increased competition, drivers are completely exempt from commission fees for the first time. Other services can take up to 30% of the profits, which often provokes drivers to hide part of the earned money.
The company operates in 135 cities in nine countries. The InDriver application has 9 million downloads. Service A is very popular in Russia and the CIS. In addition, in the spring the company entered the market in 13 cities of Latin America, whose residents for several months used the service more than 1 million times, and the application entered the top 10 on the Play Market in the section "Maps and navigation" in this region.
At the first stage of financing in 2017 the company was supported by Leta Capital fund, which invested $ 5 million in the project. In the new round Leta Capital invested another $ 10 million.
Read also: What Is A Venture Fund?
The funds received are necessary for InDriver to enter new markets, particularly in the USA. Over the next year service geography should expand to more than 300 cities in 30 countries.
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