inDrive celebrates 5 billion successful ride bids and 32 billion kms travelled in 11 years

The bid-based ride-hailing company, inDrive, today, announced the successful completion of 5 billion deals across its global mobility and urban services platform as of September 2024.. This was disclosed in a statement by the company and seen by Technext. According to the statement, the company’s 5 billionth deal was successfully closed by a driver and passenger in Peru.

According to the statement, this major milestone marks a significant moment for the company since the company launched its innovative bid-based pricing model in 2012 with the goal of making ridesharing pricing fairer for both drivers and passengers.

The company also said that since launching its core service of ride-hailing 11 years ago, its passengers have travelled for a total of 123,500 years, covering a distance of 32 billion km. The company has also expanded to include a range of additional services, most recently launching financial services for drivers in Mexico.

Speaking about the milestone, President and Deputy CEO at inDrive, Mark Loughran said:

“I am thrilled to congratulate the entire team at inDrive and thank our loyal community around the globe for having completed 5 billion deals – an important milestone that is a testament to the global scale inDrive has reached over the past decade. More than just a number, each of these transactions represents making a meaningful impact — whether it’s providing services in underserved areas, creating job opportunities, or helping support non–profit initiatives through inVision, which enables access to sports, art and educational opportunities in communities where inDrive operates.

The president reiterated that the app company’s mission has always been to improve people’s lives, and with this milestone, is coming even closer to its goal of positively impacting 1 billion people by 2030. Thus, the achievement fuels the team’s commitment to not only sustainably growing the platform but also driving positive social change.

inDrive’s global expansion drive

inDrive, a global mobility and urban services platform, was launched in 2013. In addition to ride-hailing, the app company provides an expanding list of urban services, including intercity transportation, freight delivery, task assistance and courier delivery. In 2023, the company launched New Ventures, a venture and M&A arm.

Considered one of the fastest-growing ride-hailing companies in the world, inDrive which now operates in 779 cities across 46 countries has been downloaded over 240 million times. It was the second most downloaded mobility app in 2022 and 2023.

Driven by its mission of challenging social injustice, inDrive said it is committed to having a positive impact on the lives of one billion people by 2030. It pursues this goal through its core business, which supports local communities via a fair pricing model. It also hopes to achieve its mission through the work of inVision, its non-profit arm. inVision’s community empowerment programs help to advance education, sports, arts and sciences, gender equality and other vital initiatives.

In recent years, the taxi-hailing company has expanded its mission of challenging injustice and improving people’s lives by extending its innovative bid-based model beyond ridesharing. These services now include city-to-city and intercity transportation, courier deliveries, freight services, as well as other urban solutions such as housekeeping and small home repairs.

This growth and diversification reflects inDrive’s evolution from being the world’s second-most downloaded mobility app to a global multi-service platform operating across 46 countries.

Over the past 11 years, the company has leveraged its strong product-market fit across diverse regions, demonstrating a unique ability to scale rapidly and secure leading positions across markets without disproportionately focusing on any single country. This underscores the global customer demand for greater freedom of choice and a desire to take back control from algorithms – precisely what its model provides.

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