Strong Month for Platform Economics
Bengaluru, January 20, 2026: Zoomcar Holdings, Inc., India’s leading peer-to-peer self-drive car-sharing marketplace, reported record contribution profitability and improved revenue efficiency for December 2025, based on preliminary internal data. The performance underscores the company’s focus on strengthening unit economics and operating leverage.
Value-Led Growth Over Volume Expansion
During December, Zoomcar recorded a modest 2 percent month-on-month increase in bookings compared to November 2025. However, the quality of bookings improved significantly, with Gross Booking Value (GBV) rising 27 percent month-on-month and Net GAAP Revenue increasing 34 percent. The growth was driven primarily by longer trip durations and higher transaction values rather than aggressive volume-led expansion.
Record Revenue Without Marketing Spend
Zoomcar expects Net GAAP Revenue for December 2025 to be close to USD 1 million, marking its highest monthly revenue to date. Notably, this milestone was achieved without any performance marketing spend, highlighting the platform’s growing organic demand and disciplined execution strategy.
Contribution Profitability at an All-Time High
Contribution profit reached a record level during the month, accounting for approximately 58 percent of Net GAAP Revenue, or about USD 17.52 per booking. This marks a significant improvement compared to the average contribution profit of USD 11.63 per booking recorded between April and November 2025.
Longer Trips Drive Higher Transaction Values
Trip-level economics strengthened meaningfully in December. Average trip duration increased by around 20 percent to approximately 60 hours, compared to an average of 50 hours earlier in the fiscal year. As a result, average transaction value rose nearly 30 percent to about USD 78, up from roughly USD 60 during the previous period.
Management Commentary on Operating Leverage
Commenting on the performance, Deepankar Tiwari, Chief Executive Officer of Zoomcar, said the results reflect continued progress in improving booking quality and platform economics. He noted that delivering materially higher revenue and contribution profitability without incremental marketing spend demonstrates the operating leverage inherent in Zoomcar’s asset-light marketplace model.
Preliminary Nature of Financial Data
The company clarified that all figures disclosed are based on preliminary, unaudited, and unreviewed internal data and are subject to revision as financial closing procedures are completed. Final results will be reported in accordance with U.S. GAAP through upcoming regulatory filings.
About Zoomcar
Founded in 2013 and headquartered in Bengaluru, Zoomcar operates India’s largest peer-to-peer self-drive car-sharing marketplace. The platform connects individual vehicle owners with users seeking flexible mobility solutions, promoting shared, economically empowering, and environmentally sustainable transportation.
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