Shifting 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-Sequence A funding spherical led by Blume Ventures and Antler, with participation from Google and different buyers. By direct-to-driver and multimodal transportation fashions, Shifting 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, Companion at Blume Ventures, mentioned, “Shifting Tech is on the forefront of remodeling mobility with a contemporary and revolutionary mannequin. We had been amazed by the simplicity of what the tech and a sturdy product can do to resolve mass mobility. We’re glad to companion with an distinctive group and again their grand imaginative and prescient.” Fady Abdel-Nour and Nitin Sharma Companions at Antler, added, “Namma Yatri’s give attention to 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 assist them.”
Magizhan Selvan and Shan M S, Co-founders of Shifting Tech, emphasised the corporate’s dedication to sustainable transportation, “With our people-first strategy, our purpose is to construct empathetic merchandise and tech which are 10x higher. By collaborating with Samaaj (Neighborhood), Sarkar (Authorities), and Bazaar (Enterprise), we aspire to create an influence just like UPI in India and Linux worldwide. This funding will allow us to innovate and develop additional.”
Shifting Tech is dwell in 8 cities and cities, having facilitated 46 million journeys. With a consumer base of seven million and 400,000 drivers, the corporate is rising quickly.
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