Namma Yatri’s Parent MovingTech Extends Zero Commission Cab Service To Delhi NCR

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SUMMARY

Yatri, an open and community-driven app for cabs and autos, is a part of the ONDC network.

This follows a successful pilot with auto-rickshaws, and the app is now fully launching its services under the revamped “Yatri” brand, the company said in a statement

It is pertinent to note that digital payments startup Juspay spun off its ride-hailing subsidiary Namma Yatri and other mobility apps into a separate independent entity, MovingTech Innovations

After launching a lifetime zero-commission cab service in Bengaluru in April, ride-hailing service Namma Yatri’s parent entity MovingTech has now extended the service to Delhi NCR under the brand ‘Yatri’. 

Yatri, an open and community-driven app for cabs and autos, is a part of the ONDC network.

This follows a successful pilot with auto-rickshaws, and the app is now fully launching its services under the revamped “Yatri” brand, the company said in a statement.

“I am excited to launch Yatri cabs in Delhi NCR. The app’s 100% open and community-first approach is commendable. Its expansion on the ONDC Network is crucial as we aim to enable an open, affordable, and sustainable transportation ecosystem in India,” said DPIIT Joint Secretary Sanjiv Singh, during the inauguration of the service. 

“We’re excited to expand our cab services in the heart of the nation. In our commitment to supporting the EV mission, we won’t charge any subscription fees or commissions for electric autos and cabs in Delhi NCR until March 2026,” said MovingTech’s cofounder, Shan M S.

The launch comes two months after Namma Yatri launched its lifetime zero-commission services in Bengaluru in April. 

Last month, Namma Yatri raised Pre Series A funding of INR 92 Cr (around $11 Mn) co-led by Blume Ventures and Antler.

It is pertinent to note that digital payments startup Juspay spun off its ride-hailing subsidiary Namma Yatri and other mobility apps into a separate independent entity, MovingTech Innovations, in November last year.

Besides Namma Yatri, Juspay’s other mobility apps include Mana Yatri, Yatri, and Yatri Sathi.

This development comes at the heart of MovingTech’s rapid expansion spree on the back of ONDC by offering diverse services.

For instance, in July Namma Yatri reportedly kicked off its auto and cab rentals to take on counterparts like Ola and Uber, marking the first ride-hailing service to pilot auto rentals in the country. 

Last month, it also launched a new ride-hailing app Mana Yatri in Hyderabad. Similar to its main app, Mana Yatri is a part of ONDC and allows users to book autos as well as cabs. For drivers, it also offers a zero-commission model.

On the other hand, SoftBank-backed Juspay, founded in 2012 by Vimal Kumar and Ramanathan RV, is a full-stack digital payments software-as-a-service (SaaS) platform which offers payment gateway services.

Its operating revenue jumped 89% to INR 213.3 Cr in FY23 from INR 112.7 Cr in the previous fiscal year. Its net loss increased 4% to INR 105.7 Cr during the year under review from INR 101.5 Cr in FY22. 





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Namma Yatri’s Parent MovingTech Extends Zero Commission Cab Service To Delhi NCR


SUMMARY

Yatri, an open and community-driven app for cabs and autos, is a part of the ONDC network.

This follows a successful pilot with auto-rickshaws, and the app is now fully launching its services under the revamped “Yatri” brand, the company said in a statement

It is pertinent to note that digital payments startup Juspay spun off its ride-hailing subsidiary Namma Yatri and other mobility apps into a separate independent entity, MovingTech Innovations

After launching a lifetime zero-commission cab service in Bengaluru in April, ride-hailing service Namma Yatri’s parent entity MovingTech has now extended the service to Delhi NCR under the brand ‘Yatri’. 

Yatri, an open and community-driven app for cabs and autos, is a part of the ONDC network.

This follows a successful pilot with auto-rickshaws, and the app is now fully launching its services under the revamped “Yatri” brand, the company said in a statement.

“I am excited to launch Yatri cabs in Delhi NCR. The app’s 100% open and community-first approach is commendable. Its expansion on the ONDC Network is crucial as we aim to enable an open, affordable, and sustainable transportation ecosystem in India,” said DPIIT Joint Secretary Sanjiv Singh, during the inauguration of the service. 

“We’re excited to expand our cab services in the heart of the nation. In our commitment to supporting the EV mission, we won’t charge any subscription fees or commissions for electric autos and cabs in Delhi NCR until March 2026,” said MovingTech’s cofounder, Shan M S.

The launch comes two months after Namma Yatri launched its lifetime zero-commission services in Bengaluru in April. 

Last month, Namma Yatri raised Pre Series A funding of INR 92 Cr (around $11 Mn) co-led by Blume Ventures and Antler.

It is pertinent to note that digital payments startup Juspay spun off its ride-hailing subsidiary Namma Yatri and other mobility apps into a separate independent entity, MovingTech Innovations, in November last year.

Besides Namma Yatri, Juspay’s other mobility apps include Mana Yatri, Yatri, and Yatri Sathi.

This development comes at the heart of MovingTech’s rapid expansion spree on the back of ONDC by offering diverse services.

For instance, in July Namma Yatri reportedly kicked off its auto and cab rentals to take on counterparts like Ola and Uber, marking the first ride-hailing service to pilot auto rentals in the country. 

Last month, it also launched a new ride-hailing app Mana Yatri in Hyderabad. Similar to its main app, Mana Yatri is a part of ONDC and allows users to book autos as well as cabs. For drivers, it also offers a zero-commission model.

On the other hand, SoftBank-backed Juspay, founded in 2012 by Vimal Kumar and Ramanathan RV, is a full-stack digital payments software-as-a-service (SaaS) platform which offers payment gateway services.

Its operating revenue jumped 89% to INR 213.3 Cr in FY23 from INR 112.7 Cr in the previous fiscal year. Its net loss increased 4% to INR 105.7 Cr during the year under review from INR 101.5 Cr in FY22. 





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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