Ride-hailing service inDrive, whose gross revenue increased 88% in 2022, raised $150M in debt that links repayment to its performance, from General Catalyst (Jake Rudnitsky/Bloomberg)

Jake Rudnitsky / Bloomberg:
Ride-hailing service inDrive, whose gross revenue increased 88% in 2022, raised $150M in debt that links repayment to its performance, from General Catalyst  —  InDrive, the second-most downloaded ride-hailing app in the world, raised $150 million using an unusual debt instrument that links repayment to the company’s performance.