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Namma Yatri, a zero-commission ride-hailing app leveraging the Open Network for Digital Commerce (ONDC) protocol, has raised $11 million (Rs 92 crore) in a pre-Series A funding round. The funding was led by Blume Ventures, Antler, and Google. The Bengaluru-based company, developed by Moving Tech Innovations Ltd, plans to use the funds to enhance its technology, research and development, and boost driver earnings. Namma Yatri, the first mobility app to build on the ONDC protocol, is currently piloting auto and cab rentals in Bengaluru and Chennai, with plans to expand to Delhi-NCR in the coming weeks.
๐ค๐ Blume Ventures (@BlumeVentures) and @AntlerGlobal, with participation from Google (@GoogleStartups) back $11M #funding round of Indian #mobility #startup Namma Yatri (@nammayatri). https://t.co/g15cU3Dh1Y #news #VC #tech #innovation
Bengaluru-based ride booking app #NammaYatri has raised $11 million in its Series A funding round led by Blume Ventures and Antler with participation from Google. Moving Tech said it will be using the funds in its research and to boost driver earnings. https://t.co/26HUJ1hB03
Bengaluru-based Moving Tech, which develops the open-source ride-sharing app Namma Yatri with a no-commission model, raised an $11M pre-Series A (@refsrc / TechCrunch) https://t.co/QOTtLR6XMs ๐ซ Subscribe: https://t.co/OyWeKSRpIM https://t.co/aJJxIzA8ym