Tapsi Hits Record $562M Revenue

Tapsi Reports 128% YoY Revenue Growth in 2025

Tapsi, Iran’s leading ride-hailing platform, has posted record-breaking revenue of $562.6 million in 2025, marking a 128% year-over-year growth. The company’s March 2025 earnings alone hit $81.5 million, the highest in its history. This impressive growth stems from aggressive market expansion, driver incentives, and high-profile advertising campaigns, including a major partnership with Hezaroyek. Looking ahead, Tapsi plans to expand into new cities and enhance its digital services to maintain its upward trajectory.

By Editorial Team Last updated Apr 3, 2025

Tapsi Reports Record Revenue Growth in March 2025, Driven by Strategic Expansion

Tapsi, a leading ride-hailing service, has released its latest performance report, highlighting exceptional revenue growth. The report covers the company’s performance up to the end of March 2025 (Esfand 1403 in the Iranian calendar), revealing a 128% year-over-year increase in operating revenue.

For the 12-month period, Tapsi’s total revenue soared to 2,369 billion Tomans, a significant jump from 1,041 billion Tomans in the previous year. Notably, in March 2025 alone, Tapsi generated approximately 343 billion Tomans, marking its highest-ever monthly revenue. This growth trend started in October 2024 (Mehr 1403), with an 85% revenue increase over six months leading up to March 2025.

Strategic Investments Drive Revenue Growth

Tapsi’s revenue boost is largely attributed to its aggressive expansion strategy, including incentive programs for drivers and promotional discounts for users. These initiatives have played a crucial role in increasing ride volume and overall platform engagement.

Revenue Breakdown: Commissions Lead the Way

An analysis of Tapsi’s earnings shows that:

98% of revenue comes from commissions charged to drivers.
1% of revenue is generated through Tapsi’s telephone-based ride-hailing services.
The remaining share includes various service revenues from the platform.

Overall, Tapsi’s total revenue more than doubled compared to the previous year, surpassing 2,369 billion Tomans.

Marketing and Advertising: A Key Growth Factor

Tapsi’s revenue surge can also be linked to strategic investments in advertising. The company signed a 200-billion Toman sponsorship deal with Nasim TV for the popular show Hezaroyek, hosted by Mohsen Kiaei and featuring Jenab Khan.

Tapsi Super App: Exclusive Promotions

Participation in the Hezaroyek competition is exclusively available through the Tapsi Super App, positioning the app as a central hub for user engagement. The show actively promotes Tapsi’s diverse ride-hailing services, further strengthening its brand presence.

Expansion Plans and Future Outlook

Looking ahead, Tapsi is focusing on:

Expanding into new cities to capture a broader market.
Diversifying service offerings, including intercity bookings.
Leveraging technology and innovation to enhance user experience.

With millions of active users and an upward revenue trajectory, Tapsi is set to accelerate its market expansion through continued advertising, product development, and strategic partnerships.