Namma Yatri Secures Funding to Strengthen Presence in Ride-Hailing

Bengaluru-based ride-hailing platform Namma Yatri has successfully raised Rs 39.75 crore (approximately $4.4 million) in a pre-Series A extension round, spearheaded by Juspay founder Vimal Kumar. This funding round also saw participation from existing investors including Blume Ventures, Antler, and others. This latest financial support follows almost two years after Namma Yatri secured $11 million from Blume, Antler, and Google in July 2024.

Funding Details and Share Issuance

The board of Moving Tech, which operates community-driven mobility apps such as Namma Yatri, Yatri Sathi, Yatri, and Mana Yatri, has approved the issuance of 1.26 crore Compulsory Convertible Preference Shares (CCPS) at a price of Rs 31.57 per share to raise Rs 39.75 crore, according to a filing with the Registrar of Companies (RoC). Vimal Kumar led this funding tranche by contributing Rs 18 crore (equivalent to $2 million), while Blume Ventures invested Rs 9 crore. Navin Dalmia made an investment of Rs 4 crore, with the remaining amount sourced from Plutus Investment Trust, Antler, Phi Investment Partners, and a group of angel investors.

Valuation and Market Position

According to estimates from Startup Superb, the company’s valuation has remained stable at approximately Rs 500 crore ($55 million) post-money. Namma Yatri serves as a zero-commission, open-mobility platform in India, enabling direct connections between users and auto or cab drivers for fairly priced rides. Operating in major cities like Bengaluru, Delhi-NCR, and Chennai, the app provides a straightforward ride-hailing experience.

Namma Yatri’s Features and Network

Launched in Bengaluru in 2022 by Moving Tech, the Namma Yatri platform, along with its associated apps, is completely open-source and showcases open data metrics, also being part of the ONDC Network. After this recent funding round, Vimal Kumar will possess a 13.91% stake in the company, while Blume Ventures will hold an 11% share. Juspay is expected to retain around 29.45% ownership in the business.

Financial Performance

For the fiscal year ending March 2025, this Google-backed initiative reported an operating revenue of Rs 19.8 crore, alongside a loss amounting to Rs 51.25 crore. The fresh funding for Namma Yatri occurs amidst escalating competition in India’s ride-hailing sector, where larger entities such as Uber have recently garnered Rs 3,000 crore from their parent company in light of fierce market dynamics, and Rapido secured Rs 125 crore from Nexus Venture Partners in June 2025.