Grab could get a new rival in 2024

❓️ Who they are - InDrive is a ride hailing company founded in Russa but is currently in California. It recently raised $150 million from General Catalyst Partners, bringing its total value to $1.23 billion.

Some of its features include:

• ⭐️ Ability to select drivers (which also shows rating, vehicle and arrival time)

• 💬 Prices can be negotiated between drivers and passengers without penalties

• 🚗 Offers city rides, city-to-city rides, courier and freight delivery

🗺️ Plans for the future - InDrive is currently focusing on finding more drivers, who will receive a $10 fuel voucher and exemption from service fees for a certain period. They have plans on setting up in Bacolod, Baguio, Iloilo, Cagayan de Oro and Butuan,

🥊 Grab’s new challenge - Grab will be their biggest rival in the Philippines. They have 93% of the ride hailing market. 1200 drivers were also interviewed in 2022 stating that 95% intend to keep working as GrabFood delivery drivers. According to Glassdoor, a Grab driver in the Philippines also earns roughly P27,000 per month