PE-VC Fund Investments
Ride-hailing app Namma Yatri raises Rs.39.75 Cr
Bengaluru-based ride-hailing app Namma Yatri , operated by Moving Tech, has raised INR 39.75 crore (USD 4.4 million) in a pre-Series A extension round led by Juspay founder Vimal Kumar, with participation from existing investors Blume Ventures and Antler India, as well as Navin Dalmia, Plutus Investment Trust, Phi Investment Partners, and a group of angel investors.Namma Yatri is a zero-commission, open-mobility platform that connects users directly with auto and cab drivers for fair-priced rides. The app operates in cities including Bengaluru, Delhi-NCR, and Chennai.
In Jul 2024, Namma Yatri had attracted about USD 11 M from Antler India, Blume Ventures, Google Impact and others.For FY25, Namma Yatri had reported about INR 20 Cr in Operating Income and about INR 50 Cr in Net Loss.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
