KUALA LUMPUR: inDrive has completed five billion deals worldwide as of September 2024.
inDrive said the landmark moment was achieved by a driver and passenger in Peru, highlighting the platform's growing global footprint since its inception in 2012 with its unique bid-based pricing model.
inDrive president and deputy chief executive officer Mark Loughran said the milestone was 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 one billion people by 2030," he added.
The Malaysian ride-hailing sector alone is expected to grow at a compound annual growth rate of 3.5 per cent from 2024 to 2029, reaching a projected market volume of US$570 million (RM 2.48 billion).
Since entering Malaysia, inDrive has established its presence in key cities such as the Klang Valley, Penang and Johor Bahru.
During the first half of 2024, the company recorded a 20 per cent surge in rides and a 21 per cent increase in active users, reflecting Malaysians' growing preference for its transparent, driver-passenger negotiation model.
Active driver numbers are also expected to rise by 23 per cent by the end of the year, meeting the growing demand for equitable ride-hailing services.
"Over the past 11 years, inDrive passengers have travelled a total of 123,500 years, covering 32 billion kilometres, reflecting the platform's evolution from the world's second-most downloaded mobility app to a global multi-service platform operating across 46 countries," it said.
Most recently, inDrive introduced financial services for drivers in Mexico and continues to grow its operations while expanding into new regions, including developed markets.