The trust will be funded through a fixed contribution of 2% of Namma Yatri’s revenue and will be a legally registered and independently governed entity.
According to the company, the trust will be governed by an independent committee, including electric driver representatives, and an external advisory committee. NDWT will begin accepting member applications in July and will be fully operational by August 15.
“This Trust isn’t about reward, it’s about responsibility. From the very beginning, we have seen drivers not just as partners, but as people who carry the weight of the city every single day. Their challenges aren’t seasonal, and our support shouldn’t be either. With the Namma Driver Welfare Trust, we are building a safety net that’s community-powered, independently governed, and future-facing,” said Shan M S, Co-founder of Namma Yatri, in a statement.
Founded in 2022, Namma Yatri reported a revenue of Rs 2.2 crore in FY24, according to Tracxn. The company, which competes with Rapido and Uber, also reported a loss of Rs 3.3 crore.
The ride-hailing platform was the first to introduce the zero-commission model—a template that has become an industry norm and widely adopted by other apps like Rapido, Uber, and Ola Consumer.
Namma Yatri raised $11 million in a pre-Series A funding round in July last year, led by Blume Ventures and Antler, with participation from Google and other investors.
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