DriveU has an impressive financial track record with three consecutive profitable fiscal years. Net revenue grew from ₹28.9 crore in FY25 to ₹32.9 crore in FY26, a 14% rise in the year, as per audited financial statements. Established in 2015 by father and son duo Ashok Shastry and Rahm Shastry, the platform specializes in delivering trained, verified driver-hours on-demand to users driving their own vehicles, responding to the growing urban mobility demand and safety concerns.

Cost Management and operational expansion

In the fiscal year 2026, DriveU’s net transaction value (NTV), representing its gross revenue, increased by 17% to ₹131 crore from ₹112 crore in the previous fiscal year. The organization currently serves 13 cities and has delivered more than 10.5 million trips to date using the support of over 100,000 registered driver-partners for its operations. 

Beyond Driver on demand, the company’s product portfolio broadened in April 2026 with the introduction of two new verticals—DriveU Reserve, a luxury cab service with a dedicated chauffeur, and DriveU Coach, a specialized platform for in-home driving lessons.

On the spending side, DriveU kept costs under control as it expanded. Its total expenses increased by 10% to ₹30.5 crore in FY26. The highest share was the direct payments to driver-partners of ₹97.21 crore, which comprised 13.1 per cent of capital outflow. 

The cost incurred for employees’ benefits stayed unchanged at ₹13.7 crore. The direct expenses, which included partners’ bonus, technology cost, and travel insurance, were ₹8.35 crore. There was a 5% decrease in the business promotion and marketing cost to ₹4.84 crore.

Profitability milestones and strategic projections

In the profitability pillar, DriveU took a significant stride with its net profit surging to a new high of ₹3.6 crore in FY26 from FY25’s figure of ₹1.73 crore. Earnings before interest, taxes, depreciation, and amortization grew 58% year-on-year to reach ₹2.74 crore. 

EBITDA margin on net revenue rose to 8.3% from 6% in the prior full year. The company’s financial results gave it a solid liquidity cushion, with cash and bank balances of ₹12 crore as of March 2026 and a total current assets position of ₹20 crore, without raising any fresh funding since the previous funding round in 2024.

The company’s future prospects in the Indian mobility sector are bright, and DriveU is poised for ongoing expansion. With ₹54 crore capital raised since its inception, the company intends to allocate funds to its newer verticals, DriveU Reserve and DriveU Coach, using its operating cash flow, as it expands these in additional cities. Management estimated gross revenue in FY27 at ₹170 crore, which is expected to grow around 30% from its outstanding performance in FY26.

Conclusion

The financial results of DriveU for FY26 reflect a robust and balanced business model in the Indian mobility ecosystem. The company’s net profit has more than doubled in three years to ₹3.6 crore; meanwhile, the net transaction value has increased to ₹131 crore. With disciplined cost management, diversified service offerings including Reserve and Coach, and a strong balance sheet with the internal flow of cash, DriveU is at an excellent pace to meet its target revenue of ₹170 crore for the coming fiscal year.