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DriveU’s net profit doubles in FY26; NTV grows to Rs 131 Cr

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DriveU’s net profit doubles in FY26; NTV grows to Rs 131 Cr

India’s mobility market is largely dominated by ride-hailing platforms such as Uber, Ola and Rapido, which connect consumers with taxis and two-wheeler services. However, a parallel market for on-demand drivers is emerging, particularly among car owners who seek a convenient alternative to driving themselves. Concerns around drunk driving and road safety have further fuelled demand for such services, creating opportunities for platforms such as DriveU, which allow customers to hire verified drivers to drive their own vehicles.

DriveU continued to scale its business while maintaining profitability for the third consecutive financial year. During the fiscal year ended March 2026, the company more than doubled its net profit to Rs 3.6 crore, while its net revenue grew 14% year-on-year.

The Bengaluru-based company’s net revenue increased to Rs 32.9 crore in FY26 from Rs 28.9 crore in FY25, according to its audited financial statements.

Founded in 2015 by father-son duo Ashok Shastry and Rahm Shastry, DriveU offers trained, verified drivers on demand for customers’ own cars. It also operates DriveU Reserve, a premium cab service, and DriveU Coach, an at-home driving lessons platform. The company operates in 13 cities and has completed over 10.5 million trips with more than 100,000 registered driver-partners.

The company’s net transaction value (NTV) increased 17% to Rs 131 crore in FY26 from Rs 112 crore in the previous fiscal year. Its gross revenue stood at Rs 131 crore during the year.

21 crore to driver-partners during FY26. 7 crore.



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