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DriveU's net profit jumps to Rs 1.7 crore in FY25; CEO says, 'Strongest performances in our history'

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Sumit Vishwakarma
New Update
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DriveU, an on-demand driver service platform, reported one of its strongest performances to date for the fiscal year ended March 31, 2025, driven by a sharp rise in driver bookings.

The Bengaluru-based firm said its gross platform revenue rose 22% to Rs 111.8 crore in FY25, up from Rs 91.6 crore in FY24. Net operating revenue increased to Rs 28.8 crore, while profit after tax surged to Rs 1.73 crore, a fifteen-fold jump from the previous year.

EBITDA grew to Rs 1.74 crore from Rs 1.08 crore, reflecting better cost management, and total expenses climbed to Rs 27.82 crore, driven by higher spending on marketing and employee benefits to support long-term growth.

DriveU further said it invested significantly in talent and brand building while maintaining operational discipline. Employee benefit expenses grew 15% year over year, and marketing expenditures rose 74%, signalling a deliberate focus on customer acquisition, brand strengthening, and platform-led growth.

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“FY25 marks a milestone year for DriveU, with our team delivering one of the strongest performances in our history,” said Rahm Shastry, co-founder and CEO.

“The strong PAT growth underscores the scalability of our model and the trust that the customers have placed with us. With over 100,000 background-verified driver partners, we have now served more than one million car owners. Our focus on improving driver partner earnings and experience continues to increase the fulfillment rate, with our full-time drivers routinely earning between Rs 30,000 and Rs 40,000 per month.”

The company said its growth was fueled by rising demand across use cases such as after-party drop-offs, daily commutes, outstation travel, and errands like shopping, hospital visits, and business meetings. New features, including preferred drivers and real-time safety tools, have enhanced user confidence and repeat usage.

It has also begun deploying generative AI capabilities at scale to improve experiences for both customers and driver partners while further streamlining operations.

“This is our second consecutive year of exceptional financial results,” Shastry added. “A 22% growth in gross platform revenue, along with a sharp EBITDA jump, clearly shows DriveU is exceeding expectations and achieving healthier margins year over year.”

Bengaluru