Google Backs Indian Open Source Uber Rival
By Manish Singh
Google has become one of the latest investors in Moving Tech, the parent firm of Indian open source ridesharing app Namma Yatri that is quickly capturing market share from Uber and Ola with its no-commission model.
Bengaluru-based Moving Tech has raised $11 million in a pre-Series A funding round co-led by Blume Ventures and Antler, the startup said. Google, which has pledged to invest $10 billion in India, participated in the round.
Photo courtesy of Chris Bird.
Source: TechCrunch (link opens in a new window)
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