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Namma Yatri raises $11 million in funding round led by Blume Ventures, Antler, others

Economic Times

Economic Times · 1y ago

Namma Yatri raises $11 million in funding round led by Blume Ventures, Antler, others

Bengaluru-based ride-hailing app Namma Yatri has raised $11 million in a funding round led by Blume Ventures and Antler, with participation from Google. Namma Yatri, a spin-off of Juspay, plans to use the funds for technology, research and development, and to increase driver earnings. The ride-hailing platform initially offered services to auto drivers in Bengaluru without charging any commissions, but later introduced subscription fees. Namma Yatri expanded its services to include cab rides in April, targeting its largest market, Bengaluru, and aiming to compete with Ola and Uber.

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Exclusive: Google-backed Namma Yatri raises fresh capital

Entrackr

Entrackr · 2d ago

Exclusive: Google-backed Namma Yatri raises fresh capital

Exclusive: Google-backed Namma Yatri raises fresh capital Bengaluru-based ride-hailing app, Namma Yatri has raised Rs 39.75 crore (around $4.4 million) in a pre-Series A extension round led by Juspay founder Vimal Kumar, with participation from existing investors Blume Ventures, Antler, and others. The fresh funding comes nearly two years after it raised $11 million from Blume, Antler, and Google in July 2024. The board of Moving Tech, which operates community-led mobility apps Namma Yatri, Yatri Sathi, Yatri, and Mana Yatri, passed a resolution to issue 1.26 crore CCPS at Rs 31.57 per share to raise Rs 39.75 crore, according to its filing with the Registrar of Companies (RoC). Juspay founder Vimal Kumar led the tranche with Rs 18 crore ($2 million), followed by Blume Ventures with Rs 9 crore. Navin Dalmia invested Rs 4 crore, while the remaining amount came from Plutus Investment Trust, Antler, Phi Investment Partners, and a group of angel investors. Namma Yatri is a zero-commission, open-mobility platform in India that connects users directly with auto and cab drivers for fair-priced rides. The app operates in cities such as Bengaluru, Delhi-NCR, Chennai, offering a hassle-free ride-hailing experience. Moving Tech launched Namma Yatri in Bengaluru in 2022, and the platform, along with its family of apps, is fully open-source, features open data metrics, and is also part of the ONDC Network. Following the allotment of this tranche, Vimal Kumar will hold a 13.91% stake in the company, while Blume Ventures will own 11%. Juspay will retain around 29.45% stake in the company. For the fiscal year ended March 2025, the Google-backed firm posted Rs 19.8 crore operating revenue, with a loss of Rs 51.25 crore. This funding for Namma Yatri comes at a time when competition in India’s ride-hailing market is intensifying.

Blume, IvyCap, Unilever Ventures bet on three startups

VCCircle

VCCircle · 1y ago

Blume, IvyCap, Unilever Ventures bet on three startups

Ride-hailing platform Namma Yatri, skincare brand SkinInspired, and healthcare-focused fintech startup Icanheal have secured early-stage funding. Namma Yatri raised $11 million in a pre-Series A funding round led by Blume Ventures and Antler, with participation from Google. SkinInspired received $1.5 million in seed funding led by Unilever Ventures, and Icanheal secured $1.8 million in seed funding from IvyCap Ventures. The funds will be used for technology development, research and development, product development, and platform scaling for the respective startups.

ETtech Deals Digest: Startup funding plunges 28% on-year to $210 million this week

Economic Times

Economic Times · 1y ago

ETtech Deals Digest: Startup funding plunges 28% on-year to $210 million this week

Startups raised $210.4 million in funding during the third week of July, which is a 28.2% decrease compared to the same period last year. However, it represents a significant increase of 200.6% compared to the previous week's funding total of $70 million. The biggest funding round of the week was led by Peak XV Partners, raising $60 million for blockchain-based clearing and settlement network Partior. Other notable deals include Auxilo Finserve raising $33.4 million, BluSmart securing $24 million, Lenskart's founders investing $20 million, Newme raising $18 million, and Namma Yatri securing $11 million in its maiden funding round.

Volt14 raises $1.87 Mn in pre-Series A round led by Blume Ventures

Entrackr

Entrackr · 10m ago

Volt14 raises $1.87 Mn in pre-Series A round led by Blume Ventures

Volt14 raises $1.87 Mn in pre-Series A round led by Blume Ventures Battery technology startup Volt14 has secured $1.87 million in its pre-Series A funding round led by Blume Ventures. Beyond Next Ventures, Spectrum Impact. Shashank Pathak 05 May 2025 11:12 IST Follow Us New Update Battery technology startup Volt14 has secured $1.87 million in its pre-Series A funding round led by Blume Ventures. Beyond Next Ventures, Spectrum Impact, Supermorpheus, and returning investor Cocoon Capital have also participated. The total funding raised by the Bengaluru-based startup now stands at $4.02 million. The proceeds will be used to scale up manufacturing and expand its team. Founded in 2019 by Animesh Kumar Jha, Volt14 focuses on developing silicon-based anode materials for lithium-ion batteries. It has also developed an in-house cylindrical battery cell format demonstrating energy density enabled by its silicon anode. Volt14 claims that its technology increases silicon content in anodes while maintaining performance levels and is currently being evaluated by multiple battery cell manufacturers. According to market research, the lithium-ion battery sector is projected to exceed $300 billion by 2034, driven by electric vehicle adoption and energy storage expansion. Blume Ventures, the lead investor in this round, is also one of the early backers of Battery Smart, which is the most funded startup in the space.

Pascal AI Raises $3.1 Mn From Kalaari, Info Edge Ventures To Automate Investment Research

Inc42 · 5m ago

Pascal AI Raises $3.1 Mn From Kalaari, Info Edge Ventures To Automate Investment Research

Pascal AI, a fintech-focused AI SaaS startup based in Bengaluru, has raised $3.1 million in seed funding. The round was led by Kalaari Capital with participation from Norwest Venture Partners, Info Edge Ventures, and Antler, among others. Pascal AI plans to use the funds to develop autonomous investment research workflows, expand into the U.S. market, and strengthen data partnerships.

Atomicwork raises $11 million in seed round led by Matrix Partners and Blume Ventures

Money Control

Money Control · 2y ago

Atomicwork raises $11 million in seed round led by Matrix Partners and Blume Ventures

Atomicwork, a B2B SaaS startup, has secured $11 million in seed funding led by Matrix Partners and Blume Ventures. Despite the challenging funding environment in India and the US, the round also saw participation from Storm Ventures, Neon Fund, and notable angel investors. Atomicwork plans to use the funds for product development, engineering, and marketing. The company offers an employee success solution that leverages AI and conversational intelligence to simplify interactions with collaboration tools like Slack and Microsoft Teams.

EV ride-hailing company BluSmart raises $24 million in funding

Economic Times

Economic Times · 1y ago

EV ride-hailing company BluSmart raises $24 million in funding

Electric vehicle ride-hailing startup BluSmart has secured $24 million in a funding round led by existing investors ResponsAbility Investments, cricketer MS Dhoni's Family Office, and ReNew founder Sumant Sinha. The funding will be used to expand operations and build EV charging infrastructure. BluSmart currently operates 7,500 EVs and aims to turn profitable on an EBITDA basis by March 2026. The company faces competition from Uber, Ola, Rapido, and Namma Yatri in the ride-hailing space. BluSmart previously struggled to raise external capital and received smaller funding instances totaling $66 million in previous years.

Resale home marketplace HouseEazy raises $16.8 million in round led by Accel - The Economic Times

Economic Times

Economic Times · 5m ago

Resale home marketplace HouseEazy raises $16.8 million in round led by Accel - The Economic Times

Resale home marketplace HouseEazy raised $16.8 million in a funding round led by Accel, with participation from Chiratae Ventures, Antler, and others. Founded in 2021, the company simplifies pre-owned home transactions with features like instant price discovery and virtual tours. The funds will be used for technology advancement, innovation, and expanding into new cities, aiming to significantly reduce transaction timelines. HouseEazy currently operates in Noida, Ghaziabad, and Gurugram.

Deeptech imaging startup Optimized Electrotech raises $6 million from Blume Ventures, Mela Ventures, others

Economic Times

Economic Times · 11m ago

Deeptech imaging startup Optimized Electrotech raises $6 million from Blume Ventures, Mela Ventures, others

Deeptech imaging startup Optimized Electrotech raised $6 million in a Series A funding round led by Blume Ventures and Mela Ventures, joined by 9Unicorns and others. The funds will enhance AI-powered imaging for surveillance and expand globally. Optimized Electrotech, founded in 2017, develops solutions for defence and aerospace sectors, integrating onboard analytics for real-time intelligence. The company holds four patents and supports clients like Bharat Dynamics and the Indian Navy, aligning with India's self-reliance goals.

Dashcam startup Cautio raises Rs 11 Cr in seed round

Entrackr

Entrackr · 11m ago

Dashcam startup Cautio raises Rs 11 Cr in seed round

Dashcam startup Cautio raises Rs 11 Cr in seed round Video telematics startup Cautio has raised Rs 11 crore as part of its ongoing seed round. The round saw participation from 9Unicorns, Venture Catalysts, Antler India, Infinyte Club, Ministry of Electronics and IT (MeitY) through PIEDS-BITS Pilani, and CARS24 Founders - Gajendra Jangid and Vikram Chopra. The proceeds will be utilized to expand its technology across India, strengthen AI capabilities, and work closely with fleets to build a culture of proactive safety, Cautio said in a press release. Co-founded in 2023 by Ankit Acharya and Pranjal Nadhani, Cautio is a video telematics company that aims to make Indian roads safer through AI-powered dashcams. By delivering real-time insights and 24/7 monitoring, the platform helps fleets prevent risks, ensure compliance, and drive with confidence. With its affordable and intelligent fleet safety solutions, it is transforming mobility by empowering fleet operators and drivers to enhance safety, minimize risks, and build a smarter, more secure future on the road. Cautio says that it is trusted by mobility and logistics providers like Shoffr, Euro Cars, Namma Yatri, IITs, and Cityflo among others. The company operates in over 35 cities across India, and has also delivered over 50 crore location data points through its APIs.

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