Moving Tech, the company behind India’s community-led mobility apps Namma Yatri, Yatri Sathi, Yatri, and Mana Yatri, has recently secured USD 11 million (INR 92 Cr) in pre-Series A funding. This funding round was led by Blume Ventures and Antler, with participation from Google and other investors. The capital will be used to empower drivers and enhance commuter convenience through Moving Tech’s direct-to-driver and multimodal transportation models, while focusing on increasing driver earnings and offering reliable, affordable, and sustainable mobility solutions.The mobility journey for Moving Tech started in 2020 with Yatri, India’s first open mobility app developed on the BECKN/ONDC protocol. Following this, Namma Yatri was introduced in Bengaluru in 2022. These initiatives align with Moving Tech’s commitment to Digital Public Infrastructure (DPI). The company’s community-first model aims to improve service quality for passengers, boost driver income, and reduce customer costs. Namma Yatri and its associated apps are open-source and feature open data metrics integrated into the ONDC Network. The company aims to create a transparent, efficient, and sustainable transportation ecosystem analogous to the “UPI for mobility.”Karthik Reddy, Partner at Blume Ventures, expressed his support for the company’s vision, saying, “Moving Tech is at the forefront of transforming mobility with a fresh and innovative model. We were amazed by the simplicity of what the tech and a robust product can do to solve mass mobility. We are glad to partner with an exceptional team and back their grand vision.”
Fady Abdel-Nour and Nitin Sharma, Partners at Antler, added, “Namma Yatri’s focus on Digital Public Infrastructure (DPI) is pioneering. They are building the mobility of the future—one that is inclusive, efficient, and sustainable. We are thrilled to support them.”
Magizhan Selvan and Shan M S, Co-founders of Moving Tech, reiterated their commitment to a people-first approach, “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.”
Operating in eight cities and towns, Moving Tech has facilitated 46 million trips and generated INR 7 billion in driver earnings without taking commissions. The company boasts a user base of 7 million and 400,000 drivers, reflecting its rapid growth. The newly raised funds will be directed towards technology, research and development, and product innovations to create an integrated, fully digitized, and open public transportation system. The aim is to provide a level of convenience and seamlessness comparable to cab or auto travel, thereby encouraging increased usage of public transport for a sustainable future.
Moving Tech originated from Juspay, a leading payments company in India known for its contributions to the BHIM app, UPI SDK, OCEN/GeM SAHAY, and the Beckn/Namma Yatri projects. The company’s mission is to provide low-cost, reliable technology to service providers like drivers while fostering a sustainable, community-driven mobility ecosystem in India. The zero-commission model on the ONDC network is a cornerstone of its operations. Moving Tech collaborates with the community (Samaaj), government (Sarkar), and business (Bazaar) sectors to build a sustainable future.
