No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, September 12, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Startups

InDrive has big plans to become a global ‘super app’ where others have failed

by TheAdviserMagazine
5 days ago
in Startups
Reading Time: 7 mins read
A A
InDrive has big plans to become a global ‘super app’ where others have failed
Share on FacebookShare on TwitterShare on LInkedIn


InDrive, known for its bidding-based ride-hailing model across Asia and Latin America, is rolling out a “super-app” strategy aimed at frontier markets — expanding beyond cabs to deliver daily essentials to its users.

Beginning with grocery deliveries in Kazakhstan, InDrive plans to expand into multiple verticals over the next 12 months across its top markets, including Brazil, Colombia, Egypt, Pakistan, Peru, and Mexico. The shift comes on the heels of more than 360 million app downloads and 6.5 billion transactions globally, cementing its position as the world’s second most-downloaded ride-hailing app, behind Uber, since 2022.

“If customers use you more frequently, then, of course, they stay longer, they’re more valuable in the ecosystem, and they’re just more loyal overall,” said Andries Smit, chief growth business officer at InDrive, in an exclusive interview.

InDrive chose grocery delivery as its first expansion move after seeing rapid growth in its delivery segment — with over 41 million orders completed worldwide in 2024 and more than 14 million in Q2 2025 alone — making it one of the fastest-scaling categories in the company’s portfolio.

The Mountain View, California-based company has launched its grocery delivery service in Kazakhstan, offering over 5,000 products with a 15-minute delivery promise. Early pilots in the Central Asian country yielded a net promoter score of 83% — signaling high customer satisfaction — and an average of five grocery orders per user per month, the company said.

Smit told TechCrunch that InDrive is using a dark store model for grocery deliveries in Kazakhstan, with most items focused on ready-to-eat meals and around 10% consisting of fresh products — part of a strategy to boost customer retention. He added that the model will vary in other regions, where the company is open to partnering locally, particularly in markets with a dense network of mom-and-pop stores.

Without sharing specifics, Smit said that the company has added 30% more dark stores in the country since August.

Techcrunch event

San Francisco
|
October 27-29, 2025

Why is Kazakhstan the first market?

InDrive currently operates in 982 cities across 48 countries globally and leads in eight of them. But then why has it picked Kazakhstan as the first market for its super-app move?

Smit told TechCrunch that the company decided to do so after seeing a “huge uptick” in consumers going digital in the country, which is the largest economy across Central Asia. InDrive also has its largest headcount in Kazakhstan, serving as a central hub for its R&D and operations.

InDrive did not disclose specific growth metrics for its operations in Kazakhstan. However, a recent report by Dealroom, published in collaboration with the government-backed tech park Astana Hub, noted that the company saw a 44% growth in the country over the past 12 months.

The report also valued Kazakhstan’s tech ecosystem at $26 billion — an 18-fold jump since 2019 — suggesting a sharp rise in local startup formation, funding, and digital services.

Image Credits:Dealroom

Kazakhstan already has grocery delivery apps to fulfill some of the demand. Nonetheless, InDrive wants to win the market predominantly with affordable pricing — aiming to be the Aldi of online groceries.

“There is access and inequality, and even access issues with some of the groceries,” said Smit. “Some of our cost-conscious consumers end up not buying from the right places or not buying the right goods, and they recognize that, but they feel they have no other choice.”

InDrive’s super-app: a differentiator or déjà vu

Many companies have tried to succeed with super apps. While some, like WeChat and Gojek, have found success, others — including Meta — have struggled to gain traction.

Smit, who worked with WeChat in his former role in 2016, experienced how the integrated experience on the Chinese app worked well. He told TechCrunch that, by leveraging his expertise and utilizing AI capabilities, InDrive plans to make its super-app strategy successful. The AI integration would help bring personalization to users and make services accessible to people with disabilities and those with lower literacy, he said.

InDrive’s Grocery Delivery service in KazakhstanImage Credits:InDrive

In November 2023, InDrive announced a venture and merger and acquisition arm to invest up to $100 million over the next few years. Smit told TechCrunch that of that venture, about 30% has already been deployed on the super-app strategy.

The company invested in Pakistan’s grocery startup, Krave Mart, in December as part of that venture. However, there is no concrete timeline on when InDrive’s app will offer grocery deliveries to users in Pakistan.

InDrive’s arch-rival Uber has also expanded its service portfolio, adding verticals like food delivery through Uber Eats in select markets. Smit said InDrive targets a different customer segment — one that Uber typically doesn’t serve — though there is some overlap in certain regions.

“By and large, we really support and play into a cost-conscious consumer,” he said.

India as a “puzzle” market

In addition to frontier markets including Kazakhstan, InDrive has been operating in India for some time, competing with Uber as well as homegrown players such as Ola and Rapido. However, the company has not picked up in the South Asian nation. Uber even piloted a version of InDrive’s bidding model in India, attempting to replicate the approach.

Data from Appfigures exclusively shared with TechCrunch shows that InDrive saw 1.07 million fewer downloads year-to-date compared to the same period in 2024 — a 22.6% decline. In contrast, Uber added 8.02 million downloads, up 60.6%, while Ola gained 1.55 million, a 13.2% increase. Rapido emerged as the fastest-growing player, with 14.9 million additional downloads — an 80.9% surge.

“India is a puzzle for us,” Smit told TechCrunch. “India is still growing, and we are focused… we’ve decided to focus very quickly on key cities where we really think we want to operate strongly.”

Ride-hailing app Uber, Ola, Rapido, InDrive downloads in India
Image Credits:Jagmeet Singh / TechCrunch

The company is testing different models, especially in the freight business, though it is known for allowing riders to haggle with drivers. These include different payment mechanisms for drivers to get paid daily and even go with a specific take rate, Smit said.

InDrive faced early challenges and saw limited success at first — even in markets like Pakistan, where it later became the leading ride-hailing platform following Uber’s exit.

“We’ve had sleeper markets where the markets sort of drifted, and then for whatever case, maybe one of the competitors falters,” Smit said.

More than a dozen riders and drivers in India told TechCrunch that safety concerns were a key reason they no longer prefer using InDrive. Some drivers said the app’s bidding model had been exploited by riders — and, in some cases, even by fellow drivers posing as riders to hassle their peers by aggressively haggling.

Smit said that the company prioritizes safety and customer service.

“Yes, we need to do a lot more in talking to this safety perception and in teaching and educating our drivers and passengers,” he said.

Next verticals in plans

InDrive plans to expand its super-app offering by launching new services tailored to local market needs. Smit told TechCrunch that these could include financial services. One example is already live in markets including Brazil and Mexico, where drivers can access small loans through the ride-hailing app. The company is exploring ways to extend this to passengers — and potentially to small businesses involved in deliveries, the executive added.

The company also plans to explore a service that enables micro-mobility, allowing its consumers to connect with local businesses and public transportation services.

“We want to be city-specific, and it could be a bouquet of different services,” Smit said. “We want to capture the key verticals that we have capability for, that we know and are very close to our core… But if we have no experience in running, for those kinds of services, we will definitely just partner with the right player.”



Source link

Tags: appbigFailedGlobalInDriveplansSuper
ShareTweetShare
Previous Post

Bank mortgage rates down even without BoI cut

Next Post

Agentic AI Makes Soft Skills Essential for Future Startups

Related Posts

edit post
Last day to amplify your brand: Host your Side Event at Disrupt 2025

Last day to amplify your brand: Host your Side Event at Disrupt 2025

by TheAdviserMagazine
September 12, 2025
0

The countdown is on: The application to host a Side Event at TechCrunch Disrupt 2025 closes tonight at 11:59 p.m....

edit post
Zurich-based Una Terra closes €50M Circular Economy Growth fund to cut plastic waste and CO2 emissions

Zurich-based Una Terra closes €50M Circular Economy Growth fund to cut plastic waste and CO2 emissions

by TheAdviserMagazine
September 12, 2025
0

Zurich-based Una Terra, a venture capital and growth equity platform, announced a €50M close of its Circular Economy Growth Fund.The...

edit post
Cost Segregation 101: A Tax Strategy for Property Owners

Cost Segregation 101: A Tax Strategy for Property Owners

by TheAdviserMagazine
September 12, 2025
0

Investing in property is one of the best ways to build wealth. Whether you’re looking to develop a side hustle...

edit post
The music industry is broken: OpenWav’s new app aims to change that

The music industry is broken: OpenWav’s new app aims to change that

by TheAdviserMagazine
September 11, 2025
0

Grammy Award-winning musician, composer, and producer Wyclef Jean says the music industry is broken, which is why he’s now involved...

edit post
What’s in a Name: The blueprint behind building Bisly’s bespoke brand

What’s in a Name: The blueprint behind building Bisly’s bespoke brand

by TheAdviserMagazine
September 11, 2025
0

In Europe, buildings consume a large amount of energy, accounting for 40 per cent of all energy use in the...

edit post
After multi-billion Microsoft deal, Amsterdam’s Nebius Group set to raise .75B through convertible notes and share sales

After multi-billion Microsoft deal, Amsterdam’s Nebius Group set to raise $3.75B through convertible notes and share sales

by TheAdviserMagazine
September 11, 2025
0

Amsterdam-based Nebius Group, an AI infrastructure company, has announced the pricing of its offering of $2.75B in convertible senior notes.ContentlockrIt...

Next Post
edit post
Agentic AI Makes Soft Skills Essential for Future Startups

Agentic AI Makes Soft Skills Essential for Future Startups

edit post
The Geopolitical Hedge Investors Overlook: Rare Earths

The Geopolitical Hedge Investors Overlook: Rare Earths

  • Trending
  • Comments
  • Latest
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Who Needs a Trust Instead of a Will in North Carolina?

Who Needs a Trust Instead of a Will in North Carolina?

September 1, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
Big Dave’s Cheesesteaks CEO grew up in ‘survival mode’ selling newspapers and bean pies—now his chain sells a  cheesesteak every 58 seconds

Big Dave’s Cheesesteaks CEO grew up in ‘survival mode’ selling newspapers and bean pies—now his chain sells a $12 cheesesteak every 58 seconds

August 30, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
The Next Step: Millionaire store clerk eyes early retirement

The Next Step: Millionaire store clerk eyes early retirement

August 15, 2025
edit post
One of the most common reasons that AI products fail? Bad data

One of the most common reasons that AI products fail? Bad data

0
edit post
BlackRock’s Rieder latest candidate to interview in Fed chair search

BlackRock’s Rieder latest candidate to interview in Fed chair search

0
edit post
Israel VC funding reaches new low – report

Israel VC funding reaches new low – report

0
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

0
edit post
Good Foundations – Econlib

Good Foundations – Econlib

0
edit post
Bitcoin Treasury Holdings Cross 3 Billion, Who Are The Major Stakeholders?

Bitcoin Treasury Holdings Cross $113 Billion, Who Are The Major Stakeholders?

0
edit post
Bitcoin Treasury Holdings Cross 3 Billion, Who Are The Major Stakeholders?

Bitcoin Treasury Holdings Cross $113 Billion, Who Are The Major Stakeholders?

September 12, 2025
edit post
One of the most common reasons that AI products fail? Bad data

One of the most common reasons that AI products fail? Bad data

September 12, 2025
edit post
BlackRock’s Rieder latest candidate to interview in Fed chair search

BlackRock’s Rieder latest candidate to interview in Fed chair search

September 12, 2025
edit post
BlackRock Dumps Ethereum, Buys 6M in Bitcoin

BlackRock Dumps Ethereum, Buys $366M in Bitcoin

September 12, 2025
edit post
Roundup: Fed Countdown, AI Stock Bubble, Job-Hugging and More

Roundup: Fed Countdown, AI Stock Bubble, Job-Hugging and More

September 12, 2025
edit post
Ray Dalio calls for ‘redistribution policy’ when AI and humanoid robots start to benefit the top 1% to 10% more than everyone else

Ray Dalio calls for ‘redistribution policy’ when AI and humanoid robots start to benefit the top 1% to 10% more than everyone else

September 12, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Bitcoin Treasury Holdings Cross $113 Billion, Who Are The Major Stakeholders?
  • One of the most common reasons that AI products fail? Bad data
  • BlackRock’s Rieder latest candidate to interview in Fed chair search
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.