Community-led mobility app Namma Yatri on Tuesday said it has raised $11 million (about Rs 92 crore) in a pre-Series A funding round led by Blume Ventures and Antler, with participation from Google and other investors.
Moving Tech, the company behind community-led mobility apps Namma Yatri, Yatri Sathi, Yatri and Mana Yatri, said it will invest the fund in technology, R&D and product innovations.
Moving Tech, a spin-off from Juspay, launched open mobility app, Yatri, in 2020.
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Homegrown Namma Yatri app raises $11 mn with Google as investor
After seeing its net profit drop by almost 35 per cent in 2022 due to inflation and advertisers' pullbacks, Google's parent, Alphabet, has been on a trajectory of growth for the past year and a half, earning $3,042 (nearly Rs 2,53,444) per second in the year's first quarter (Q1), or 43 per cent more than in 2023, as per a report on Tuesday.
According to data presented by AltIndex.com, Google's parent firm net income soared by 615 per cent in a decade, 8 times more than Appl...
Google`s parent company Alphabet earned over Rs 2.5 lakh per second in Q1