BIZ BUZZ: Driving over the hump

It was a bumpy start for InDrive, the new ride-hailing app trying to carve out a space in the local market dominated by Grab.

To recall, the company had to suspend operations for six months for supposed violations of the fare matrix scheme.

But all is well now after it adhered to the regulations of the Land Transportation Franchising and Regulatory Board.

Since resuming operations in June, InDrive saw its active users rise by 86 percent while the number of its driver partners nearly doubled.

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“We have always believed in the power of mobility to transform lives. Our strategic goal for 2030 is ambitious but clear: to positively impact the lives of over 1 billion people worldwide,” InDrive marketing director for Asia-Pacific Natalia Makarenko said.

“We aim to achieve this by continuously driving change through innovative mobility solutions and community-driven initiatives that resonate with the needs of the people we serve,” she added.