Homegrown Namma Yatri app raises $11 mn with Google as investor

Namma Yatri Secures $11M Funding, Aims to Revolutionize Mobility

In a significant stride for the Indian mobility sector, Bengaluru -based Moving Tech, the parent company of the community-led mobility app Namma Yatri, has announced a successful pre-Series A funding round. The company has raised a substantial $11 million, equivalent to about Rs 92 crore, in this round. Jul 16, 2024
Start-up

Mega boost to Indian startup ecosystem; $7bn in H1 2024, domestic funding, demand set to drive growth

Indian startups received nearly $7 billion in funding in the first half of 2024, indicating potential for growth. This growth is driven by domestic funding and demand, similar to the success seen in Silicon Valley and China. The Indian FMCG sector's growth, driven by rural demand and government initiatives, serves as an example of the potential for domestic demand to drive growth in the startup sector. Jul 4, 2024