DriveU Keeps Its Foot On The Pedal As Profit Doubles To Rs 3.6 Crore
Not every startup story is about burning cash. Bengaluru-based DriveU, which lets car owners hire verified drivers on demand, has stayed profitable for the third year in a row.
In FY26, DriveU’s net profit more than doubled to Rs 3.6 crore from Rs 1.73 crore, while net revenue rose 14% to Rs 32.9 crore. Its net transaction value grew 17% to Rs 131 crore, and EBITDA margin on net revenue improved to 8.3% from 6%, according to its audited financials as reported by Entrackr.
Founded in 2015 by Ashok Shastry and Rahm Shastry, DriveU operates in 13 cities and has completed over 10.5 million trips with more than 100,000 registered driver-partners. It added two new verticals in April 2026, DriveU Reserve (premium chauffeur-driven cabs) and DriveU Coach (at-home driving lessons), and expects gross revenue to reach Rs 170 crore in FY27.
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