InDrive CEO Arsen Tomsky said the company’s revenue grew by 31% last year compared with 2024, reaching $601.6 million.
In an interview with Reuters, Tomsky said profitability per ride has improved after several years of rapid expansion. The privately held U.S.-based company is now seeking to expand its business in developing markets through new acquisitions. Over the past two years, InDrive has acquired online grocery delivery services in Pakistan and Kazakhstan, he added.
«Gradually, through these purchases, we are entering this new sphere,» Tomsky said.
Unlike Uber and Grab, InDrive allows drivers and passengers to negotiate fares, which Tomsky said is a key factor for consumers, especially in emerging markets.
«Our primary region is Latin America. Slightly more than half of our entire business is located there,» he said.
Tomsky added that the service appeals to users who want more control over their spending.
«We are a better fit for people who want to keep everything under control — people for whom it is very important to save money and who value every cent. For this reason, we started in developing countries,» he said.
One of InDrive’s largest employee service centers is located in Kazakhstan. In 2024, Tomsky, who was born and raised in Yakutia, Russia, obtained Kazakh citizenship.
According to the company, since its launch in 2013, the ride-hailing app has been downloaded more than 400 million times.
As of May 2025, Tomsky ranked 11th among Kazakhstan’s richest people, with a fortune estimated at $850 million.
