Moving Tech, the company behind India’s top community-driven mobility apps Namma Yatri, Yatri Sathi, Yatri, and Mana Yatri, has secured $11 million (₹92 Cr) in a pre-Series A funding round. This funding round was spearheaded by Blume Ventures and Antler, with additional investments from Google and other contributors. Moving Tech focuses on increasing driver earnings through direct-to-driver and multimodal transportation models, while also providing reliable, affordable, and sustainable mobility solutions.
The newly raised funds will be allocated towards technology, research and development, and product innovations to create an integrated, fully digitized, and open public transportation system.
Karthik Reddy, Partner at Blume Ventures, stated, “Moving Tech is revolutionizing mobility with a fresh, innovative model. We were impressed by the simplicity and effectiveness of their tech and robust product in solving mass mobility issues. We are excited to partner with an exceptional team and support their ambitious vision.” Fady Abdel-Nour and Nitin Sharma, Partners at Antler, added, “Namma Yatri’s focus on Digital Public Infrastructure (DPI) is groundbreaking. They are shaping the future of mobility—making it inclusive, efficient, and sustainable. We are thrilled to support them.”
Co-founders Magizhan Selvan and Shan M S highlighted the company’s dedication to sustainable transportation, saying, “With our people-first approach, our goal is to develop empathetic products and technology that are 10x better. By partnering with the community (Samaaj), government (Sarkar), and businesses (Bazaar), we aspire to achieve an impact comparable to UPI in India and Linux globally. This funding will empower us to innovate and expand further.
