inDrive has said it is celebrating the completion of 5 billion deals on its global mobility and urban services platform.
According to the company, a driver and passenger in Peru sealed the landmark five billionth deal. This marks a significant moment for inDrive, which launched its innovative bid-based pricing model in 2012 with the goal of making ridesharing pricing fairer for both drivers and passengers.
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. Our mission has always been to improve people’s lives, and with this milestone, we are even closer to our goal of positively impacting 1 billion people by 2030. This achievement fuels our commitment to sustainably growing our platform and driving positive social change.”
According to a statement by the company, “Over the past 11 years, inDrive has leveraged its product-market solid 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 the inDrive model provides.
“Since launching ride-hailing, its core service, eleven years ago, inDrive passengers have travelled for a total of 123,500 years, covering a distance of 32 billion km.”
