Bengaluru-based ride-hailing platform Namma Yatri is now city-level ebitda positive in its core markets, including the Karnataka capital, and plans to scale services further, cofounder and COO Shan M S told ET on Wednesday.
“ The idea is to have sustainable growth. In the core markets where we are operating, like Bengaluru, we are already city-level ebitda positive,” Shan M S, cofounder and COO of Namma Yatri, told ET at the second edition of Namma Sarathi Sangama on Wednesday.
He added that the platform has seen consistent month-on-month growth across cities, including Bengaluru and parts of Bihar.
According to the platform’s dashboard, Namma Yatri has completed over 10.38 crore rides, generating more than Rs 1,700 crore in earnings for its 6.13 lakh registered drivers. In Bengaluru alone, the app has facilitated 8.7 crore rides.
At the event, Namma Yatri also announced a new initiative, the Namma Driver Welfare Trust, for its driver partners across Karnataka. The fund will be independently governed, with 2% of the platform’s revenue set aside to provide financial support to eligible drivers. To qualify, drivers must complete 50–60 rides per month.
The company is now looking to expand its services and invest in digitising public transport systems in cities like Bengaluru, Chennai, and Kolkata.
Also Read: GST on ride-hailing: Karnataka AAR says may recall ruling on Namma Yatri
“ The idea is to have sustainable growth. In the core markets where we are operating, like Bengaluru, we are already city-level ebitda positive,” Shan M S, cofounder and COO of Namma Yatri, told ET at the second edition of Namma Sarathi Sangama on Wednesday.
He added that the platform has seen consistent month-on-month growth across cities, including Bengaluru and parts of Bihar.
According to the platform’s dashboard, Namma Yatri has completed over 10.38 crore rides, generating more than Rs 1,700 crore in earnings for its 6.13 lakh registered drivers. In Bengaluru alone, the app has facilitated 8.7 crore rides.
At the event, Namma Yatri also announced a new initiative, the Namma Driver Welfare Trust, for its driver partners across Karnataka. The fund will be independently governed, with 2% of the platform’s revenue set aside to provide financial support to eligible drivers. To qualify, drivers must complete 50–60 rides per month.
The company is now looking to expand its services and invest in digitising public transport systems in cities like Bengaluru, Chennai, and Kolkata.
Also Read: GST on ride-hailing: Karnataka AAR says may recall ruling on Namma Yatri
