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Ride-hailing service Namma Yatri hits the road in Delhi
Economic Times
·
1y ago
Medial
Namma Yatri, a ride-hailing app, has launched its zero-commission services in Delhi. Over 10,000 auto-rickshaw drivers have already joined the platform, with expectations of another 50,000 joining in the next three months. The app, available in seven cities, aims to improve first- and last-mile connectivity, and plans to integrate with public transportation through ONDC Network. Namma Yatri also intends to introduce safety features and expand its services to include cabs. The app has gained popularity for its transparent and driver-friendly model, and aims to break even in Bengaluru within 3-6 months.
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Namma Yatri launches cab services in Bengaluru, says no subscription fees till October
Economic Times
·
1y ago
Medial
Bengaluru-based ride-hailing firm Namma Yatri has launched its cab services in Bengaluru, its largest market. The company is offering a subscription-free service to cab drivers for the initial period and plans to charge a daily fee of INR 90 for unlimited rides starting from October 1. Namma Yatri aims to onboard over 1 lakh drivers in the next six months. The company also plans to introduce rentals and inter-city rides for cabs in Karnataka and begin testing cab rides in Delhi soon. Namma Yatri is targeting operational profitability in new markets within a year.
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Paytm Eyeing Foray Into Ride Hailing Space With Autorickshaw Offerings, To Challenge Ola, Uber
Inc42
·
1y ago
Medial
Paytm, the fintech giant in India, is planning to enter the ride-hailing space by offering auto rickshaw booking services through its app. The service is currently being tested with select users and might expand to include cab bookings later on. Paytm aims to launch these ride-hailing services in tier 1 cities such as Delhi, Bengaluru, and Chennai. This move will challenge the dominance of Ola and Uber in the Indian ride-hailing market, which is already facing competition from emerging players like Rapido and BluSmart. Paytm's ride-hailing venture is facilitated by ONDC-backed Namma Yatri, which offers its services to driver partners through a subscription fee model.
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Namma Yatri raises $11 million in funding round led by Blume Ventures, Antler, others
Economic Times
·
1y ago
Medial
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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Namma Yatri goes live with cab service in Bengaluru
Economic Times
·
1y ago
Medial
Namma Yatri, a ride-hailing firm, has expanded its services to include cab-hailing in Bengaluru. The company previously focused on auto rickshaws and offered a daily subscription model, differentiating itself from Ola and Uber. Namma Yatri already offers cab rides in Kochi and Kolkata and is now highlighting its cab booking section in Bengaluru. This move comes as competitors Ola and Uber also begin to offer subscription-based plans for auto-rickshaw drivers on their platforms, following a similar model to Namma Yatri and Rapido.
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GST on ride-hailing: Karnataka AAR says may recall ruling on Namma Yatri - The Economic Times
Economic Times
·
1m ago
Medial
Karnataka's Authority for Advance Ruling (AAR) might reverse a decision that Juspay Technologies' Namma Yatri service wasn't liable for GST on auto-rickshaw rides. Juspay had transferred the business to Moving Tech Innovations. The AAR indicates potential ruling voidance due to misrepresentation, as Namma Yatri was acquired as a "going concern." Experts see this move as an unusual attempt to repeal a business-friendly provision. Meanwhile, GST applicability for ride-hailing services remains debated.
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Namma Yatri turns city-level Ebdita positive in core markets; launches welfare fund for drivers - The Economic Times
Economic Times
·
1m ago
Medial
Bengaluru's Namma Yatri ride-hailing platform has achieved profitability in key markets, facilitating over 10 crore rides and generating significant earnings for its drivers. The company has introduced a driver welfare trust, allocating 2% of its revenue to aid drivers who meet specific ride targets. Namma Yatri plans to expand services and is focusing on digitizing public transport in Bengaluru, Chennai, and Kolkata for sustainable growth.
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Namma Yatri starts cab service in Delhi NCR
Economic Times
·
12m ago
Medial
Indian ride-hailing platform Namma Yatri has launched its zero-commission cab services, branded as 'Yatri', in Delhi NCR. The platform aims to compete with Uber and Ola by not charging subscription fees or commissions until March 2026 for its electric auto rickshaws and cabs. Yatri offers various types of cab services at competitive prices and operates on a lifetime zero-commission policy. The company, along with its family of mobility apps, operates on the Open Network for Digital Commerce (ONDC) platform and follows a zero-commission model.
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Bengaluru: Ola Uber challenger Namma Yatri app to charge subscription fee from drivers
Money Control
·
1y ago
Medial
Namma Yatri, the auto-hailing app supported by Bengaluru's Autorickshaw Drivers Union (ARDU), will introduce a subscription fee for drivers starting September 1. Drivers can opt for unlimited daily trips for Rs 25 or pay Rs 3.50 per ride (free after 10 trips). Namma Yatri, developed by Juspay per ONDC standards, was launched as an alternative to Ola and Uber, addressing concerns about high aggregator commissions.
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Namma Yatri's Parent MovingTech Extends Zero Commission Cab Service To Delhi NCR
Inc42
·
12m ago
Medial
Yatri, a community-driven app for cabs and autos, is now fully launching under the revamped "Yatri" brand after a successful pilot with auto-rickshaws. The app is a part of the ONDC network. Digital payments startup Juspay spun off its ride-hailing subsidiary Namma Yatri and other mobility apps into a separate independent entity called MovingTech Innovations.
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Juspay Hives Off Namma Yatri & Other Mobility Apps Into New Entity Moving Tech
Inc42
·
1y ago
Medial
Indian digital payments startup Juspay has spun off its ride-hailing subsidiary Namma Yatri to create a separate entity called Moving Tech Innovations. The new company will also include Juspay's other mobility apps, including Mana Yatri, Yatri, and Yatri Sathi. Moving Tech Innovations will be led by Juspay's former chief growth officer Shan MS and chief product officer Magizhan Selvan. The move aims to make Namma Yatri more independent and agile in the mobility sector. Juspay will maintain a majority stake in the new entity, while other stakeholders include software company Beckn and the Bengaluru Autorickshaw Drivers Union.
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