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inDrive Gears Up to Disrupt Philippines Ride-Hailing Market
Global startup takes on Grab's dominance amid holiday rush
Sana Rizwan
December 15, 2023
• Global rideshare startup inDrive gears up to challenge Grab's dominance in the Philippines.
• inDrive promises more affordable options for Filipino commuters facing holiday congestion.
• With $100M fund, inDrive makes strategic expansion pursuing growth and profits in SEA.
inDrive's Philippine Introduction
Global ride-hailing firm inDrive is set to launch services in the Philippines by year's end, bringing a new challenger to Grab's dominance in the market.
inDrive received regulatory approval to operate as a transport network company. It is currently onboarding drivers outside the capital city during the busy holiday season.
Founded in Russia, Indrive serves over 700 cities across 45 countries, including Indonesia, Malaysia, and Thailand's SEA markets. The Philippines' entry adds to its growing regional footprint.
Regulatory Approval
The launch comes as Metro Manila commuters face grueling traffic and crowded trains this Christmas.
Ride-hailing services like Grab are go-to's, though surging fares make frequent use costly.
That's where inDrive aims to shake things up. "Many commuters want better and more affordable alternatives," said an executive.
Affordable Options
Beyond ride-hailing, inDrive is investing $100 million into startups through a new corporate venturing division called New Ventures.
The goal is to expand strategically and reach profitability.
With congested roads and limited transport options this holiday season, inDrive's upcoming entry could provide welcome relief for Filipino commuters.
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