Moving Tech, the company behind Namma Yatri and other mobility apps, has raised USD 11 million (Rs 92 Cr) in a pre-Series A funding round led by Blume Ventures and Antler, with participation from Google and other investors.
The funds will enhance technology, R&D, and product innovations to empower drivers, integrate public transport, and improve customer convenience.
Karthik Reddy, Partner at Blume Ventures, stated, "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.”
Co-founders Magizhan Selvan and Shan M S emphasised 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."
