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
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Bruh what
I thought Namma Yatri was zero commission. How do they make money?
Great to see another auto service getting money though, for the sake of Bangalore we need VCs to fund more of this.
The major problem is with Customer Support. Sometimes, auto drivers knowingly take a longer route to increase the amount and you can't do anything about the amount because there is no customer support at the end. Otherwise, good app to get a faster ride.
Ola & Rapido >>>
Namma Yatri service is excellent. Beyond excellent
Good for them but I don’t agree to this term “reliable”
1.Namma yatri drivers are not well trained.
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From women safety POV there’s no accountability and support panel is shit.
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They ask for 30-40 rupees extra on top of final fair post ride completion.
Hence I have stopped using this app and moved to Uber (OG)
All these jargons like “digital public infrastructure” is good but then we need reliable and accountable platform to use.
I have tried booking auto through their app in gurgaon, not once I got it
NY first impressions, equally expensive to its counterparts. I liked the idea but then when I tried booking a ride through it, to my surprise it was equally or more expensive compared to Uber and Rapido! Hope they make their claims true, would absolutely love cheaper fare + more earnings for drivers!
Open source app!