The online cab booking industry has undergone a major shift propelled by advanced technology, revolutionizing the way people book cabs and the business model driving the sector. In today’s digital time, technology has become a pivotal part of innovation in every industry and transportation is not something left behind with the apps like inDriver, Uber, Lyft, etc. reshaping the world. 

The online taxi booking market is anticipated to reach $202.20 billion by 2027. Well, these figures clearly reflect how the market is becoming competitive and how technology’s disruption changing the online taxi booking market.  

In addition to making cab booking more convenient, ride-hailing apps have created opportunities for new business models to flourish. Companies like inDriver have realized the promise of the sharing economy by utilizing GPS technology, real-time tracking, and dynamic pricing algorithms. This has given passengers and drivers alike more freedom and control over their travels.

But what is inDriver?  How does it make money? How does it work? Hold on. This detailed blog delves into the unique business model of inDriver and also explains to you how its working strategy has propelled its growth in the saturating ride-hailing market. 

An Overview of inDriver App

Passengers can use the InDriver application to make their commutes easier. A group of students in Tatsuki, one of the coldest cities on Earth, established InDriver in 2012. 

Arsen Tomsky is the CEO and primary founder of inDriver. When the founders of InDriver saw how the driver unions and stand people were raising fares unnecessarily whenever the weather changed, they decided to create the company. 

When the villagers started haggling, InDriver was born. With the help of the InDriver application, drivers and passengers both have the freedom to mutually decide the ride cost and decide upon their riding partner. 

Company Name: inDrive (since 2022) inDriver (2013-22) 

Company Type: Private

Industry: Transportation and ride sharing

Founded: 2013 in Russia 

Founder: Arsen Tomsky 

Headquarters: California, United States 

Number of Employees: 3000

Website: https://indrive.com/ 

A Glimpse into inDriver App’s Achieved Milestones 

1. The application has experienced more than 150 million downloads across the globe. 
2. The company keeps expanding its operations and is now active across 47 countries and 700+ cities 
3. After Uber, inDriver is the second largest cab booking application in terms of ride booking and downloads 
4. Till now, the company provided one billion rides 

inDriver Success Timeline

1. In December 2014, InDrive made its global debut in Astana, Kazakhstan.
2. It began offering its services in Arusha, Tanzania, in November 2018.
3. It began operating in Pakistan in 2021, and a year later it was the most downloaded app.
4. At the beginning of 2021, InDrive secured the status of Unicorn with a $150 million investment through their unwavering drive and hard work.
5. By the end of March 2022, InDrive will have extended its service across the Middle East, Africa, Asia (including India, Pakistan, Indonesia, and Kazakhstan), and America. 

How Does inDriver App Work? 

The inDriver app comes with user-friendly features and allows passengers to book a cab without any glitches. Let’s have a look at how the app works for both customers and drivers. 

For Passengers:

1. Request a Ride: Open the inDriver app and enter your destination. Then, suggest the fare you're willing to pay for the ride.
2. Wait for Offers: Nearby drivers will see your ride request and the fare you've suggested. They can choose to accept, decline, or counteroffer.
3. Review Offers: You'll receive multiple offers from different drivers with their proposed fares and estimated arrival times. Review and choose the offer that best suits you.
4. Confirm Ride: Once you've selected a driver and fare, confirm the ride. You'll be able to track your driver's location in real time as they make their way to you.
5. Enjoy Your Ride: Hop in the car and enjoy your ride to your destination. Pay the agreed fare directly to the driver in cash or through the app after the ride is completed.

For Drivers:

1. Receive Ride Requests: Drivers using the inDriver app will receive ride requests from nearby passengers. They'll see the passenger's suggested fare and destination.
2. Make Offers: Drivers have the option to accept, decline, or counteroffer the suggested fare. They can also propose their own fare for the ride.
3. Wait for Passenger Response: After making an offer, drivers wait for the passenger to review and respond to their offer. The passenger may accept the offer, choose another driver, or counteroffer.
4. Confirm Ride: Once the passenger accepts the offer, the ride is confirmed. The driver can then navigate to the passenger's location to pick them up.
5. Complete the Ride: Drive the passenger to their destination safely. Collect the agreed fare from the passenger either in cash or through the app at the end of the ride.

Business Model of inDriver

With each passing day, InDriver transforms into an on-demand taxi booking service and successfully competes with other large, industry-leading taxi booking businesses. inDriver follows a peer-to-peer pricing business model where agreements and negotiations between the driver and the passenger result in the ride being concluded. Let’s have a look at each part of the inDriver business model. 

Customer Segment

Passengers: inDriver primarily targets passengers who are looking for affordable and flexible transportation options. This includes commuters, travellers, and individuals seeking on-demand rides.

Drivers: The platform caters to freelance drivers looking to maximize their earnings by offering them the opportunity to set their own fares and negotiate with passengers directly.

Value Proposition

• Transparent Pricing: inDriver's unique model allows passengers to suggest their fares, giving them transparency and control over their transportation costs.
• Flexibility: Both passengers and drivers benefit from the flexibility offered by inDriver. Passengers can choose the fare they are willing to pay, while drivers have the freedom to accept, decline, or negotiate fares based on their preferences.
• Fairness: The platform promotes fairness by enabling open communication between passengers and drivers, allowing them to agree on a mutually acceptable fare before the ride begins.
• Wide Availability: inDriver operates in multiple cities across various countries, providing passengers with access to affordable transportation options in urban and suburban areas.

Key Activities

• Matching Passengers and Drivers: inDriver's platform facilitates the matching of passengers with nearby drivers based on their ride requests and proposed fares.
• Payment Processing: The platform handles payment processing, allowing passengers to pay for their rides either in cash or through the app.
• Safety and Security: inDriver prioritizes the safety and security of both passengers and drivers by implementing features such as real-time ride tracking and driver background checks.

Key Resources:

• Technology Infrastructure: inDriver relies heavily on its technology platform to facilitate the matching of passengers and drivers, as well as to process payments and ensure the safety of users.
• Driver Network: The platform's success depends on the availability of a sufficient number of drivers to meet passenger demand in various locations.

Overall, inDriver's business model is built around providing a transparent, flexible, and affordable transportation solution for both passengers and drivers, leveraging technology to facilitate fair and efficient transactions within the ride-hailing market.

How Does inDriver Make Money?

As can be seen above, InDrive uses a very practical and simple business model to increase revenue. InDriver uses a straightforward strategy to make money. It basically uses the commission model and the advertising model, which are two straightforward business models.

Commission based business model

InDrive charges a commission on each transaction made through their app under a commission-based business model.

1. When InDrive launches in a new city, one of its most prominent features and business models is that there are no commission fees for the first six months.
2. They take 5–10% of the fare upon expiration of this promotion.
3. Even though InDrive only charges a small portion of the whole fare—roughly 20%—the other major taxi companies manage to increase their earnings.
4. InDrive only takes a little commission—roughly 5–10% of the fare—so drivers can profit well from their work and passengers can enjoy services at a reduced cost.
5. Compared to rivals in the market, this price strategy enables them to emerge as one of the major players.
6. They have been able to reduce their expenses and develop every day thanks to this low-cost innovation.

Advertising Business Model

The InDrive business model permits the promotion of other brands and companies on their platform under the second model, which is the advertising model. They make a respectable sum of money from this.

However, the company is currently concentrating on its core app concept rather than on advertising businesses.

Buy Readymade inDriver App Clone 

The ride-sharing industry is experiencing rapid growth worldwide, presenting a lucrative opportunity for entrepreneurs to enter this dynamic market. With increasing urbanization, changing commuting patterns, and a growing preference for convenient transportation options, now is the perfect time to capitalise on the rising demand for ride-sharing services.

If you're considering entering the ride-sharing market, opting for a readymade inDriver app clone can be a smart and cost-effective choice. Rather than investing significant time and resources into developing a custom solution from scratch, a readymade clone offers a ready-to-launch platform that mirrors the functionalities and features of successful ride-sharing apps like inDriver.

Factors that affect the cost of a ready-made inDriver app clone include the level of customization required, additional features or integrations, and ongoing support and maintenance services. However, compared to the expenses associated with developing a custom app, the cost of a readymade solution is generally more affordable and predictable.

In conclusion, if you're looking to enter the growing ride-sharing market, now is the time to act. By choosing a ready-made inDriver app clone, you can streamline the process, save costs, and quickly establish your presence in this lucrative industry.