Moving Tech, the company behind community-led mobility apps Namma Yatri and Mana Yatri, has secured $11 million (Rs 92 crore) in a pre-Series A funding round. The round was led by Blume Ventures and Antler, with participation from Google and other investors.
The newly acquired capital will be allocated to technology, research, and product innovation. Moving Tech aims to develop an “integrated, fully digitized” public transportation system that offers the convenience and seamlessness of cab or auto travel, thereby boosting public transport usage towards a sustainable future.
Namma Yatri and its family of apps, which include Yatri Sathi and Yatri, are fully open-source and part of the Open Network for Digital Commerce. These apps aim to create a transparent, efficient, and sustainable transportation ecosystem, aspiring to be the “UPI for mobility.”
Co-founders Magizhan Selvan and Shan M S emphasized the company’s commitment to sustainable transportation, stating, “With our people-first approach, our goal is to build empathetic products and technology that are ten times better. By collaborating with the community (samaaj), government (sarkar), and business (bazaar), we aspire to create an impact similar to UPI in India and Linux worldwide. This funding will enable us to innovate and grow further.”
Operating in eight cities, Moving Tech has facilitated 46 million trips, generating Rs 700 crore in driver earnings without commissions. The platform boasts a user base of seven million and 400,000 drivers.
Karthik Reddy, partner at Blume Ventures, commented, “Moving Tech is at the forefront of transforming mobility with a fresh and innovative model. We were amazed by the simplicity of what the technology and a robust product can do to solve mass mobility. We are glad to partner with an exceptional team and back their grand vision.”
Fady Abdel-Nour and Nitin Sharma, partners at Antler, added, “Namma Yatri’s focus on Digital Public Infrastructure is pioneering. They are building the mobility of the future — one that is inclusive, efficient, and sustainable. We are thrilled to support them.”
This funding positions Moving Tech to continue its growth and innovation in the digital public transportation sector, contributing to a more sustainable and efficient mobility ecosystem in India.
