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Juspay-backed Namma Yatri eyes small towns following fundraise

The Bengaluru-based mobility company, which charges drivers a subscription fee rather than a commission on each trip, wants to strengthen its presence in tier-2 and tier-3 towns in the next few months

West bengalMagizhan selvanNetwork for digital commerceCredit enablement network at juspayTech innovations privateNamma yatriBeckn protocolOpen networkDigital commerceMoving tech innovations private limitedOpen credit enablement networkPress gazette

Within a month of launch, Namma Yatri fetches Rs 5 4 crore for cab drivers in Bengaluru

Within a month of launch, Namma Yatri fetches Rs 5 4 crore for cab drivers in Bengaluru
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Zepto s $300 million funding; Meta taps Reliance for data centre

The Mumbai-based Zepto is eyeing a valuation of around $2.5-3 billion, as against the $1.4 billion it was assigned on turning unicorn last year, sources said. This is a huge bump up amid a largely sluggish funding market even for Zepto which has been growing fast.

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SoftBank-backed JusPay hives off Namma Yatri, registers it as Moving Tech Innovations Limited

This move will benefit Namma Yatri in raising funds from venture capital investors to develop infrastructure and technology. It will also ease the difficulties involved in running different businesses simultaneously

West bengalTamil naduAndhra pradeshNandan nilekaniMagizhan selvanOla uberBengaluru auto rickshaw driver unionTech innovations pvt ltdTech innovationsNetwork for digital commerceJuspay hives offNamma yatriBank backed juspayMoving tech innovationsChief growth officerAuto rickshaw driver

Namma Yatri: Juspay spins off mobility platform Namma Yatri into new entity

Moving Tech Innovations Ltd, a Juspay spin-off, focuses on cost-effective solutions in the ride-hailing industry. Led by Shan M S and Magizhan Selvan, the new entity seeks funding, aims for profitability, and competes with major players like Uber and Ola.

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