inDriver, a ride-hailing app with Russian roots now operating internationally, has just raised $10 million from its historic investor, Leta Capital.
Born in 2012 in Yakutsk, Siberia, this startup has an unusual business model: passengers enter the price they are willing to pay, while drivers accept the orders only upon agreement of the fare.
An initial capital injection of $5 million one year ago turned out to be enough for inDriver to penetrate the Latin American market. Its app is now is use in Chile, Colombia, El Salvador, Guatemala, Mexico and Peru, with 1 million rides completed in a mere four months, according to the startup.
The Russian startup is now targeting the US market.
This past July, inDriver moved its headquarters to New York City, while launching a freight service in Russia. This new service is now available in 18 Russian cities.
Leta Capital is the venture arm of the Russian IT security holding Leta Group. Established in 2012, the fund has already invested in air screen maker Displair, social app Budist, bank software publisher Double Data , SDN/NFV solution provider Brain4Net, and other startups essentially in Russia.
