Bengaluru-based ride-hailing app, Namma Yatri, has successfully raised Rs 39.75 crore in a recent funding round, led by Juspay founder Vimal Kumar and with participation from existing investors Blume Ventures and Antler. This new capital injection follows a previous funding round in July 2024, where Namma Yatri secured $11 million from the same investors.
The board of Moving Tech, the company behind Namma Yatri and other community-led mobility apps, approved the issuance of 1.26 crore CCPS shares to raise the funds. Vimal Kumar contributed Rs 18 crore, followed by Blume Ventures with Rs 9 crore, and other investors making up the remaining amount.
Despite the fresh funding, Namma Yatri’s valuation has reportedly remained stable at around Rs 500 crore post-money. The ride-hailing platform is known for being a zero-commission, open-mobility service in India, connecting users directly with auto and cab drivers for fair-priced rides in cities like Bengaluru, Delhi-NCR, and Chennai.
With Vimal Kumar set to hold a 13.91% stake in the company and Blume Ventures retaining an 11% share, Namma Yatri continues to operate in the competitive ride-hailing market. The company’s financials for the fiscal year ended March 2025 showed operating revenue of Rs 19.8 crore but with a loss of Rs 51.25 crore.
This funding round for Namma Yatri comes amidst escalating competition in India’s ride-hailing sector, with major players like Uber and Rapido also securing substantial investments to maintain their market positions.
Source: Entrackr : Latest Posts