Ride-hailing platform Namma Yatri has secured fresh capital in a pre-Series A extension round, raising ₹39.75 crore (about $4.4 million) to accelerate expansion and strengthen its community-driven mobility model.
The round was led by Vimal Kumar, founder of Juspay, who invested around ₹18 crore, while existing backers Blume Ventures contributed about ₹9 crore. Additional investments came from Navin Dalmia, Plutus Investment Trust, Antler, Phi Investment Partners, and several angel investors.
Key Highlights
- Namma Yatri raises ₹39.75 crore in fresh funding to expand driver-first mobility platform across cities.
- Round led by Juspay’s Vimal Kumar with participation from Blume Ventures and other investors.
According to regulatory filings, the board of Moving Tech, the company behind Namma Yatri and other mobility apps, approved the issuance of 1.26 crore compulsorily convertible preference shares (CCPS) to raise the capital. The company’s post-money valuation is estimated to remain around ₹500 crore ($55 million).
Launched as a community-led ride-hailing app, Namma Yatri operates on the open mobility network model, allowing drivers and riders to connect without traditional commission-based pricing. The platform primarily charges drivers a small subscription fee instead of a percentage of fares.
The company is positioning itself as an alternative to dominant ride-hailing players such as Uber and Ola, focusing on improving driver earnings and transparent pricing. A company spokesperson earlier noted that the platform aims to “create a more equitable ecosystem for riders and drivers while enabling sustainable urban mobility.”
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The fresh capital comes nearly two years after Namma Yatri raised $11 million (₹92 crore) in a pre-Series A round led by Blume Ventures and Antler with participation from Google.
Since its launch in 2022, the mobility platform has rapidly expanded across multiple Indian cities under different regional brands such as Yatri Sathi and Yatri. The company reported strong adoption, with millions of rides completed and significant driver earnings generated through its zero-commission model.
With the latest funding, Namma Yatri plans to scale operations across more cities, strengthen its technology stack, and expand partnerships in India’s fast-growing urban mobility market.
