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Juspay spins off mobility platform Namma Yatri into new entity

Economic Times · 1y

Payments firm Juspay has spun off its ride-hailing subsidiary, Namma Yatri, into a separate entity called Moving Tech Innovations Ltd. The new entity, led by Juspay's chief growth officer and chief product officer, aims to focus on a UPI-like model that improves customer experience and sustainability. Namma Yatri, currently present in 8 cities, is looking to expand to new cities and turn profitable within the next three to four years. The entity has no external investors at the moment but is in talks to raise seed funding.