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Funding · Mobility & Logistics

Namma Yatri raises Rs 39.75 crore in pre-Series A extension

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Date
Company
Namma Yatri
What it does
Zero-commission open-mobility platform
Kind
Funding
Amount
Rs 39.75 crore
Stage
pre-Series A extension
Based in
Bengaluru
Founded
2022
Sector
Mobility & Logistics

What they do

Namma Yatri is a zero-commission, open-mobility platform connecting users with auto and cab drivers in Indian cities

What happened

It raised Rs 39.75 crore ($4.4 million) in a pre-Series A extension led by Juspay founder Vimal Kumar, with participation from Blume Ventures and Antler

Why it matters

The company reported operating revenue of Rs 19.8 crore and a loss of Rs 51.25 crore for FY ending March 2025

The details

  • Namma Yatri raised Rs 39.75 crore (around $4.4 million) in a pre-Series A extension round.
  • The round was led by Vimal Kumar, founder of Juspay, who invested Rs 18 crore ($2 million).
  • Existing investors Blume Ventures, Antler, and others also participated.
  • Blume Ventures invested Rs 9 crore, and Navin Dalmia invested Rs 4 crore.
  • The remaining amount came from Plutus Investment Trust, Antler, Phi Investment Partners, and angel investors.
  • Moving Tech, the parent company, issued 1.26 crore CCPS (compulsorily convertible preference shares) at Rs 31.57 per share.
  • After allotment, Vimal Kumar holds 13.91% stake, Blume Ventures 11%, and Juspay retains around 29.45%.

The bigger picture

  • Competition in India's ride-hailing market is intensifying.
  • Uber received Rs 3,000 crore from its parent entity amid competition.
  • Rapido raised Rs 125 crore in June 2025 from Nexus Venture Partners.
  • Namma Yatri's previous round was $11 million from Blume, Antler, and Google in July 2024.

About the business

  • Namma Yatri is a zero-commission, open-mobility platform connecting users with auto and cab drivers.
  • It operates in Bengaluru, Delhi-NCR, and Chennai.
  • The platform is fully open-source and features open data metrics.
  • It is part of the ONDC (Open Network for Digital Commerce) network.
  • Moving Tech also operates Yatri Sathi, Yatri, and Mana Yatri.
  • Namma Yatri was launched in Bengaluru in 2022.
  • For FY ending March 2025, operating revenue was Rs 19.8 crore and loss was Rs 51.25 crore.

The deal

Type
pre-Series A extension

Investors

  • Vimal Kumar (lead) — Founder of Juspay, invested Rs 18 crore.
  • Blume Ventures (existing) — Invested Rs 9 crore.
  • Antler (existing) — Participated in the round.
  • Navin Dalmia (participated) — Invested Rs 4 crore.
  • Plutus Investment Trust (participated)
  • Phi Investment Partners (participated)

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