RailYatri raises more funds from existing investors
Mumbai: RailYatri.in, the train travelling consumer app start-up, has raised an undisclosed sum in fresh funding from all its existing investors including Nandan Nilekani, Helion Ventures, Omidyar Partners and Blume Ventures.
The latest round comes after an earlier funding in March this year, and RailYatri.in is looking at aggressively pushing towards growth and new services to enrich the travelling experience of travellers, it said in a statement in Mumbai.
“We have witnessed an unprecedented organic growth over the last several months... Over the next 12 months, we plan to establish RailYatri.in as a household name across the country,” Manish Rathi, CEO and co-founder RailYatri.in said.
RailYatri.in uses deep-analytics technology to make intelligent predictions that help travellers make smart decisions for their upcoming travel. The app uses a traveller’s mobile GPS to predict a train’s delay, in addition to platform number, coach position, on-time history of a train and wait list confirmations.
“My ongoing interactions with the extended RailYatri team has made me more excited about the impact which RailYatri can bring in using smart combination of mobile, data, payments and analytics to the common man in India,” said Nandan Nilekani, former UIDAI chairman.
“Their prediction algorithms are already delivering time & money savings for the travellers,” he added.
RailYatri recently forayed into becoming a train-travel oriented marketplace. It is now enabling travellers to book essential services such as high-quality onboard meals, bus tickets, budget rooms, among others.