inDrive Says 2025 Revenue Hit $601.6M, GAAP Profitable

In Short

inDrive shared new scale and financial metrics in a CFO interview. The company said 2025 revenue grew 31% year over year to $601.6 million. It also said it remained profitable on a GAAP basis.

What Happened

InDrive, the ride-hailing company, said it is scaling a pricing model where riders and drivers agree a fare before the trip starts, rather than accepting a fixed price set by an algorithm.

In the interview, CFO Abhey Lamba said the app gives riders more choice, including comparing drivers by rating, vehicle type, and estimated time of arrival. He added that drivers see the destination upfront and can decline trips without penalty.

On pricing, inDrive said the app shows a suggested fare and riders can bid lower or higher. Drivers can accept or counter, and the two sides agree before the ride begins. The company said the average time to reach agreement was about 62 seconds based on 2025 data.

Lamba also shared performance numbers. He said inDrive has passed 400 million downloads and recorded more than 8 billion cumulative transactions. He said 2025 revenue rose to $601.6 million and that the company was profitable on a GAAP basis, which means profit calculated using standard accounting rules.

The CFO said inDrive is expanding beyond ride-hailing into delivery, freight, advertising, and financial services. He described these as running on the same peer-to-peer marketplace infrastructure, which is a system that matches two sides of a market, like riders and drivers.

Why It Matters

Ride-hailing across Africa often comes with price volatility, driver dissatisfaction, and questions about how platforms set fares. inDrive is positioning its negotiation model as a middle path between fixed pricing and surge pricing, where prices rise sharply during peak demand.

The revenue and profitability claims suggest the model can scale without relying only on growth at all costs. If the company’s marketplace approach works across delivery and logistics, it could also increase competition for local mobility and last-mile delivery operators in key African cities.

For investors and operators, GAAP profitability and expanding product lines are signals that inDrive is trying to build a broader platform business, not just a ride-hailing app.