About Namma Yatri
Namma Yatri is a company based in Bengaluru (India) founded in 2022 by Magizhan Selvan and Shan M S.. Namma Yatri has raised $11 million across 1 funding round from investors including Google, Blume Ventures and Antler. Namma Yatri operates in a competitive market with competitors including Uber, Meru, TaxiForSure, GOAMILES and BookMyCab, among others.
- Headquarter Bengaluru, India
- Founders Magizhan Selvan, Shan M S
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Moving Tech Innovations Private Limited
- Date of Incorporation 10 Nov, 2023
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11 M (USD)
in 1 rounds
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Latest Funding Round
$11 M (USD), Seed
Jul 15, 2024
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Investors
Google
& 2 more
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Employee Count
Employee Count
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Funding Insights of Namma Yatri
Namma Yatri has successfully raised a total of $11M through 1 strategic funding round. The most recent funding activity was a Seed round of $11 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $11.0M
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First Round
First Round
(15 Jul 2024)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Seed - Namma Yatri | Valuation | Blume Ventures , Antler |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Namma Yatri
Namma Yatri has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Google, Blume Ventures and Antler. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Seed and early-stage investments are made across sectors in India.
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Founded Year | Domain | Location | |
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Early-stage investing and founder support services are offered globally by Antler.
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Founded Year | Domain | Location | |
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A technology company offering products and services, including search engine, cloud computing, advertising, email, productivity software, and more
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Namma Yatri
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Namma Yatri
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Namma Yatri Comparisons
Competitors of Namma Yatri
Namma Yatri operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Uber, Meru, TaxiForSure, GOAMILES and BookMyCab, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
An online platform providing ride-hailing and food delivery services
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| domain | founded_year | HQ Location |
Ride-hailing services are facilitated via an app-based platform.
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| domain | founded_year | HQ Location |
Car rental aggregator
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| domain | founded_year | HQ Location |
Ride-hailing services are facilitated via a mobile application platform.
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| domain | founded_year | HQ Location |
Taxi-hailing services are facilitated via an online booking platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Namma Yatri
Frequently Asked Questions about Namma Yatri
When was Namma Yatri founded?
Namma Yatri was founded in 2022 and raised its 1st funding round 2 years after it was founded.
Where is Namma Yatri located?
Namma Yatri is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Namma Yatri?
Magizhan Selvan is the current CEO of Namma Yatri. They have also founded this company.
Is Namma Yatri a funded company?
Namma Yatri is a funded company, having raised a total of $11M across 1 funding round to date. The company's 1st funding round was a Seed of $11M, raised on Jul 15, 2024.
What does Namma Yatri do?
Namma Yatri was established in 2022 in Bengaluru, India, within the transportation sector. An app-based service is offered for reserving three-wheeler autos, where users input location, destination, and passenger information to arrange rides. Drivers are onboarded through the platform by submitting vehicle and personal details to receive assignments. The app operates on Android and iOS devices across India.
Who are the top competitors of Namma Yatri?
Namma Yatri's top competitors include Uber, TaxiForSure and GOAMILES.
Who are Namma Yatri's investors?
Namma Yatri has 3 investors. Key investors include Google, Blume Ventures, and Antler.