Moving Tech, the company behind Namma Yatri, Yatri Sathi, Yatri, and Mana Yatri, has raised $11 million (Rs 91 crore) in a pre-Series A funding round led by Blume Ventures and Antler, with participation from Google and other investors.
The new funds will be invested in tech, R&D, and product innovations to develop an integrated, fully digitized, and open public transportation system that matches the convenience and seamlessness of cab or auto travel, thereby increasing the usage of public transport towards a sustainable future.
This investment will help Moving Tech empower drivers, integrate public transportation, and enhance commuter convenience. Through direct-to-driver and multimodal transportation models, Moving Tech aims to increase driver earnings while providing reliable, affordable, and sustainable mobility solutions.
Moving Tech, a spin-off from Juspay, embarked on its mobility journey in 2020 with India’s first open mobility app, Yatri, built on the BECKN/ONDC protocol. Subsequently, it launched Namma Yatri in Bengaluru in 2022. Namma Yatri and its family of apps are fully open-source, with open data metrics, and part of the ONDC Network.
Karthik Reddy, Partner at Blume Ventures, said, “Moving Tech is at the forefront of transforming mobility with a fresh and innovative model. We were amazed by the simplicity of what the tech 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 (DPI) is pioneering. They are building the mobility of the future—one that is inclusive, efficient, and sustainable. We are thrilled to support them.”
Magizhan Selvan and Shan M S, Co-founders of Moving Tech, emphasized the company’s commitment to sustainable transportation, “With our people-first approach, our goal is to build empathetic products and tech that are 10x better. By collaborating with Samaaj (Community), Sarkar (Government), and Bazaar (Business), we aspire to create an impact similar to UPI in India and Linux worldwide. This funding will enable us to innovate and grow further.”
Moving Tech is live in 8 cities and towns, having facilitated 46 million trips, generating Rs 7 billion in driver earnings without commissions. With a user base of 7 million and 4,00,000 drivers, the company is growing rapidly.
