
DriveU, India’s leading on-demand driver service platform, continues its growing financial journey on the results side for the fiscal year ending March 31, 2025 (FY25), delivering one of its strongest performances to date led by increase in bookings of drivers.
The Bengaluru-based company reported robust growth in both revenue and profitability, underscoring operational efficiency, margin improvement, and growing customer trust across key metro markets.
DriveU recorded a 22% increase in Gross Platform Revenue, reaching Rs 111.8 crore in FY25 ending March, 2025, up from Rs 91.6 crore in FY24. Net Operating Revenue rose to Rs 28.8 crore, while Profit After Tax (PAT) surged to Rs 1.7 crore, a fifteen-fold increase over the previous year.
Key Financial Highlights – FY25 vs FY24:
Gross Platform Revenue rose by 22%, reaching Rs 111.86 crore from Rs 91.62 crore in FY24.
Net Operating Revenue grew to Rs 28.88 crore, up from Rs 24.50 crore in the previous year.
EBITDA grew to Rs 1.74 crore (vs 1.08 crore), showcasing improved cost efficiencies.
Profit After Tax (PAT) saw a significant jump, increasing to Rs 1.73 crore from Rs 0.11 crore.
Total expenses increased to Rs 27.82 crore, with strategic investments in marketing and employee benefits fueling long-term growth.
DriveU continued investing in talent and brand-building while maintaining operational efficiency. Employee benefit expenses grew by 15% year-on-year while marketing spends rose by 74%, reflecting a strategic push toward customer acquisition, brand building, and platform-led growth.
“FY25 marks a milestone year for DriveU, with our team delivering one of the strongest performances in our history. The strong PAT growth underscores the scalability of our model and the trust that the customers have placed with us. With over 1 Lakh background verified driver partners, we have now served over 1 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,” said Rahm Shastry, Co-founder & CEO, DriveU.
The company attributes its growth to increased traction in use cases such as after-party drops, commute, outstation travel and running errands such as shopping, hospital visits, business meetings, etc. Innovations like preferred drivers and real-time safety features have enhanced user trust and repeat behavior. Additionally, DriveU is now deploying Generative AI capabilities at scale, transforming the experience for both users and driver partners, while also enhancing operational efficiency.
“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.”