# inDrive New Ventures inDrive New Ventures is a Venture Capital based in California, United States. ## Overview - **Organization type:** Venture Capital - **Headquarters:** California, United States - **Region:** North America - **Address:** California, United States - **Assets under management:** Undisclosed - **Website:** ventures.indrive.com - **LinkedIn:** https://www.linkedin.com/company/indrive-ventures ## Regulatory record - **Reports private funds:** No ## About inDrive New Ventures invests in companies across emerging markets. Backed by inDrive, the world's second-largest ridesharing app, it helps businesses scale while challenging injustice. It supports companies to become scaleups through scaling expertise, offering investment and access to inDrive’s user base, and focuses on fast-growing Series A stage companies in emerging markets. ## Sectors - Mobility & Transportation - AI/ML - FinTech ## People - Andries Smit — Chief Growth Businesses Officer - CJ Lee — Investment Director - Andrew Hayley — Investment Principal - George Greaves — Head of Partnerships - Nataliia Usova — Investment Business Manager - Vishwas Mishra — Investment Strategy Analyst - Anna Zhantemirova — Investment Business Analyst - Tamina Nuriyeva — Investment Business Analyst - Helena Haykin — Head of Legal - Nikita Lukyanenko — Lead M&A Legal Counsel - Andries Smit — Vice President ## Questions ### How does inDrive New Ventures source deals differently from traditional venture funds? inDrive New Ventures leverages the parent company's operational presence across 45 countries, with particular strength in Latin America, South Asia, and Africa. Local market teams identify founders and startups that intersect with inDrive's core business lines, often before those companies appear on the radar of Silicon Valley-based funds. This embedded sourcing model gives the venture unit early access to deals in markets where inDrive already operates local offices and understands the regulatory terrain. ### Is inDrive New Ventures structured as a traditional venture capital fund? No. inDrive New Ventures invests directly from the parent company's balance sheet rather than raising capital from external limited partners. This structure eliminates fund-cycle constraints and external LP reporting obligations, allowing the unit to hold positions for longer durations when strategic alignment warrants patience. It operates as a corporate venture arm with a return-seeking mandate, not an innovation scouting unit. ### Which sectors does inDrive New Ventures prioritize? inDrive New Ventures concentrates on mobility, fintech, and applied artificial intelligence — three verticals that extend the parent company's product ecosystem. Within fintech, the unit has expressed particular interest in digital payments infrastructure and credit products for underbanked populations in its operating regions. AI investments tend to focus on logistics and marketplace optimization rather than general-purpose foundation models. ### Where does inDrive New Ventures invest geographically? The unit invests primarily in emerging markets where the parent company already has operational density, including Latin America, South Asia, Southeast Asia, and Africa. Pakistan, Indonesia, Nigeria, and Brazil represent key hubs given inDrive's existing driver base and local operational teams in those geographies. It does not restrict investments to these regions but uses local market knowledge as a core sourcing filter. ### How is inDrive New Ventures related to the wider inDrive ecosystem beyond the parent company? inDrive New Ventures sits inside the corporate structure and draws on engineering talent, operational data, and local market infrastructure from the broader inDrive organization. It is not a separate limited partnership or spinout entity. The parent company's ride-hailing and delivery businesses provide a real-world testing environment that portfolio companies can access during product development. ### Does inDrive New Ventures co-invest alongside external venture capital firms? Yes, inDrive New Ventures regularly participates in syndicated rounds alongside traditional venture capital firms, particularly in markets where its local operational expertise adds strategic value to the cap table. The unit structures its participation as a direct equity investment and does not operate a fund-of-funds model or commit capital to external venture managers. ## Related profiles - [IndoSterling Capital](https://altss.com/profile/indosterling-capital) - [INDUC](https://altss.com/profile/induc) --- Last updated: 2026-08-11T15:07:05.535Z Canonical page: https://altss.com/profile/indrive-new-ventures Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology