Tag: Moving Tech Innovations Ltd

  • Namma Yatri Zero-Commission Cab Service Is Now Live in the Delhi-National Capital Region!

    In Delhi National Capital Region (NCR), Moving Tech Innovations, the parent company of Namma Yatri, has officially launched its new lifelong zero-commission cab service called “Yatri”. The app, which provides community-driven travel solutions and is part of the ONDC Network, has seen substantial expansion with the introduction.

    Following a successful auto pilot, Yatri, India’s first open and community-driven cab and auto service app, has launched its cab services on a larger scale. Using a zero-commission strategy, the app aspires to increase driver profits by 15-20% while providing inexpensive transportation. Improved vehicle maintenance and enhanced safety are two benefits of this model’s cutting-edge features.

    Transport choices are becoming more accessible and affordable thanks to ONGC’s network-centric approach and open design. For drivers making more money, it levels the playing field. The Chief Business Officer of ONDC, Shireesh Joshi, expressed the organization’s continued dedication to facilitating community-driven projects that prioritise people and propel India towards a future of intelligent, efficient, and inclusive transportation solutions.

    Fully Open-Source, Open Network, and Open Data Platform

    Yatri is a platform that runs on three pillars: open source, open network, and open data. The service provides affordable Auto, AC Mini, AC Sedan, and AC XL Cabs and incorporates dynamic booking and fast dispatch procedures. Food, grocery, and e-commerce are all part of the ONDC Network, which is an effort to consolidate several forms of transportation.

    “In the middle of the country, we’re thrilled to be expanding our taxi services. Dedicated to improving the lives of both drivers and people, Yatri goes beyond being just an app. It is a movement. Yatri encourages Samaaj, Sarkar, and Bazaar to work together closely so that the city can become more empowered and linked. Electric Autos & Cabs in Delhi NCR will not collect any subscription fees or commission till March 2026”, according to Shan M S, Co-Founder of Moving Tech, as part of their commitment to support the EV goal.

    Google Realising the Potentials of Moving Tech

    Namma Yatri’s parent, Moving Tech, has also received funding from Google. New options, such as rentals and rapid travel, were recently introduced to Namma Yatri’s service.

    To help speed up the acceptance of digital services in the crucial foreign market, Google has already stated its intention to invest $10 billion in India over the next five to seven years, beginning in 2020.

    In April, Namma Yatri formally separated from its parent firm, Juspay, to become Moving Tech. This new mobility company is headed by Magizhan Selvan, CEO, and Shan M. S., COO, both of whom were previously with Juspay.

    Namma Yatri faces stiff competition in India from services like Uber, Ola, and Rapido- funded by Swiggy. With Google’s help, Namma Yatri might soon grow to incorporate things like carpooling and bike taxis, even if they aren’t available at the moment.

    Namma Yatri’s founders have stated that the company will utilise the additional capital to expand its engineering and research and development capabilities, as well as to provide other forms of transportation, such as buses.


    Namma Yatri Parent Raises $11 Million from Google, Blume Ventures, and Others
    Moving Tech Innovations Ltd., the company behind community-led mobility apps Namma Yatri and Yatri Sathi, has raised $11 million (INR 92 crore) in a pre-Series A funding round.


  • Namma Yatri Parent Secures $11 Million in Funding from Google, Blume Ventures, and Others

    Moving Tech Innovations Ltd., the company behind community-led mobility apps Namma Yatri and Yatri Sathi, has raised $11 million (INR 92 crore) in a pre-Series A funding round. Google and a number of other investors joined Blume Ventures and Antler in leading the round.

    The money will be put into research and development, new products, and technology so that drivers can be more empowered, public transport can be more integrated, and the customer experience can be better.

    Through direct-to-driver and multimodal transportation models, Moving Tech aims to increase driver earnings while providing reliable, affordable, seamless, and sustainable mobility solutions for all, according to a statement from the company.

    The mobility division of Juspay, which was backed by Softbank, was spun off into Moving Tech in April 2020. Former Juspay employees Shan M S and Magizhan Selvan are at the forefront of the newly formed mobility company.

    Magizhan Selvan and Shan M S, Co-founders of Moving Tech, said, 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.

    So, What Exactly is Namma Yatri?

    Namma Yatri, which began its operations in November 2022, is a transportation app that competes with Rapido, Ola, and Uber. Drivers could retain the whole fee on Namma Yatri, in contrast to rivals, who usually take a 30% cut.

    However, drivers who wished to list their services on the app started to pay a monthly fee in 2023. Up to 10 journeys each day cost the drivers INR 3.5 per trip, while an unlimited subscription costs INR 25. According to the company’s accessible dashboard, Namma Yatri has 73.9 lahks registered consumers and 4.19 lakh drivers who have earned INR 714.03 crore from 4.63 crore trips completed thus far.

    Namma Yatri, Accelerating Growth by Dogging Sector Giants

    Namma Yatri became the first to implement the direct-payment concept in Bengaluru. Afterwards, other major ride-hailing companies including Rapido, Ola, and Uber have shown interest in implementing this strategy to save GST fees.

    Namma Yatri first appeared in Bengaluru, Mysuru, Tumkur, and Kochi when it was introduced as the Yatri app. In Kolkata, it was initially introduced as Yatri Saathi. The business has just extended its operations to Chennai, where it now lets users order “metro tickets” online.


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