Namma Yatri Parent Raises $11 Million in Funding

• Moving Tech Innovations Ltd, the firm behind Namma Yatri, raised $11 million in a pre-Series A funding round led by Blume Ventures and Antler, with participation from Google.
• The funds will be invested in technology, R&D, and product innovation to empower drivers, integrate public transport, and enhance customer experience.
• Moving Tech aims to increase driver earnings and provide reliable, affordable, and sustainable mobility solutions through direct-to-driver and multimodal transportation models.
• Originally launched as the Yatri app, Namma Yatri debuted in Bengaluru, Mysuru, Tumkur, and Kochi, and has expanded to Chennai, where it also facilitates metro-ticket bookings.
• The company was spun off from Juspay in April 2020 and is led by Shan M S and Magizhan Selvan, who aim to create an impact similar to UPI in India and Linux worldwide.

Source: Moneycontrol