Moving Tech, the organization that functions community-oriented applications Namma Yatri, Yatri Sathi, Yatri, and Mana Yatri, has bagged $11 million (Rs.92 crore roughly) in a Pre-Series A financing round from Blume Ventures and Antler, Google and other financial backers.

This is the maiden venture funding for the Bengaluru-based organization. Namma Yatri expects to Funding roundput the raised funds in innovation, Research and development and product developments towards its vision to enable drivers, coordinate public vehicle and further develop client comfort, the organization said in an official statement.

Through direct-to-driver and multimodal transportation models, the firm additionally plans to rise driver profits while giving dependable, reasonable, consistent, and manageable portability arrangements.

In April, payments firm Juspay spun-off its ride-hailing platform, Namma Yatri, into a different enterprise called Moving Tech Innovations limited. The new entity is being driven by Juspay’s central growth official Shan M S and chief product officer Magizhan Selvan.

Moving Tech launched the App Namma Yatri in Bengaluru in 2022.

Namma Yatri and its group of applications are completely open-source, with open information measurements, and a part of the ONDC Organization too.

With a client base of 7 million and 400,000 drivers, Moving Tech has its footprints in 8 urban cities and towns and cases to have worked with 46 million trips.

Recently, Namma Yatri introduced zero-commission auto and taxi rentals in Bengaluru and Chennai and has plans to extend the support of Delhi-NCR.

The move will assist it with taking on the organization’s competitors and market pioneers – Ola, Rapido and Uber. Rapido and Uber likewise launched a zero-commission model for auto drivers.

Regarding this, Magizhan Selvan and Shan M S jointly says, “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”.