Transferring Tech, the corporate behind India’s main community-led mobility apps Namma Yatri, Yatri Sathi, Yatri, and Mana Yatri, has raised $11 million (₹92 Cr) in a pre-Collection A funding spherical led by Blume Ventures and Antler, with participation from Google and different buyers. By way of direct-to-driver and multimodal transportation fashions, Transferring Tech goals to extend driver earnings whereas offering dependable, reasonably priced, seamless, and sustainable mobility options for all.
The brand new funds can be invested in tech, R&D, and product improvements to develop an built-in, totally digitised, and open public transportation system.
Karthik Reddy, Accomplice at Blume Ventures, mentioned, “Transferring Tech is on the forefront of remodeling mobility with a contemporary and revolutionary mannequin. We have been amazed by the simplicity of what the tech and a sturdy product can do to unravel mass mobility. We’re glad to accomplice with an distinctive staff and again their grand imaginative and prescient.” Fady Abdel-Nour and Nitin Sharma Companions at Antler, added, “Namma Yatri’s concentrate on Digital Public Infrastructure (DPI) is pioneering. They’re constructing the mobility of the longer term—one that’s inclusive, environment friendly, and sustainable. We’re thrilled to help them.”
Magizhan Selvan and Shan M S, Co-founders of Transferring Tech, emphasised the corporate’s dedication to sustainable transportation, “With our people-first method, our aim is to construct empathetic merchandise and tech which might be 10x higher. By collaborating with Samaaj (Neighborhood), Sarkar (Authorities), and Bazaar (Enterprise), we aspire to create an impression much like UPI in India and Linux worldwide. This funding will allow us to innovate and develop additional.”
Transferring Tech is dwell in 8 cities and cities, having facilitated 46 million journeys. With a person base of seven million and 400,000 drivers, the corporate is rising quickly.
Adblock take a look at (Why?)
