Ridehailing startup inDrive to invest $100 million in startups through new M&A arm – The Financial Express

Global ridehailing service inDrive has announced the launch of its venture and merger & acquisition arm New Ventures to invest up to $100 million in promising startups. The M&A arm will be headed by entrepreneur and investment professional Andries Smit as Vice President. The vertical will focus on local market startups with potential for global expansion, postseed/preSeries A companies with proven product market fit, rapid organic growth and healthy economics and cash flow.