Uklon targets over 30% non-ride-hailing revenue, 20% international share in five years - CEO
The vision of online taxi service Uklon, a subsidiary of Kyivstar Group, entails increasing revenue in foreign markets to over 20% in five years, company CEO Serhiy Hryshkov stated during the "Top Managers Who Hold the Country.
Uklon, a Kyivstar Group subsidiary, aims to diversify its revenue streams beyond ride-hailing, targeting over 30% of non-ride-hailing income within five years, CEO Serhiy Hryshkov revealed at the Top Managers Who Hold the Country. Dialogues with NV event. Hryshkov predicts ride-hailing revenue in Ukraine will fall below 50% in the same period, as the company launches ecosystem products such as travel services, micromobility, and potentially a broader marketplace.
The company currently employs six CEOs overseeing various divisions and budgets. Hryshkov emphasized Uklon's strategy to boost its capitalization, with a future valuation goal surpassing $1 billion. The firm, now part of Kyivstar's reporting since April 2025, reported UAH 1.448 billion ($32.8 million) in revenue and UAH 554 million ($12.5 million) in EBITDA during the second quarter of 2026.
Ride bookings increased by 4.5% to 43 million, while completed deliveries rose by 25.9% to 1.4 million. Monthly active digital users grew by 8.2% to 5.2 million in the same quarter. Uklon has expanded its operations to five additional cities in Uzbekistan, including Fergana, Margilan, Kokand, Namangan, and Andijan, starting in early August.
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