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Peer-to-peer global mobility and urban services platform inDrive on Friday announced its foray into the domestic logistics market with the launch of its freight services in three cities, including Delhi-NCR and Mumbai.

California (US)-based cab aggregator said it has made its India market debut after recognising the immense potential and demand for efficient and cost-effective freight transportation services in the country.

The services have initially been launched in Delhi-NCR, Ludhiana and Mumbai and the platform plans to venture into other cities as well soon, inDrive Director Alexey Tryapitsyn told PTI.

The target is eventually to secure No 2 spot in the logistics segment in the next five years, he added.

inDrive through its app offers same-day and on-demand transport service to small businesses to find delivery options for any 20-plus kg freight.

Users can find a large and diverse fleet of vehicles such as three-wheelers, pick-up, and mid-sized trucks for small and medium shipments.

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The app also allows truck suppliers and customers to negotiate freight rates for transportation as there are no fixed rates.

In addition to ride-hailing, inDrive provides urban services, including intercity transportation, freight delivery, task assistance, courier delivery, and employment search. It operates in 614 cities across 47 countries.

The platform raised $150 million in a hybrid instrument from General Catalyst to fund marketing spend, including user acquisition and retention costs in February this year.