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Business News/ Companies / Start-ups/  Nandan Nilekani boards RailYatri as an investor
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Nandan Nilekani boards RailYatri as an investor

Nandan Nilekani invests undisclosed amount in the company; existing investors Helion Ventures, Omidyar Networks, and Blume Ventures also participated in the funding round

RailYatri provides information on train schedules and delays, platform numbers and coach positions, on-time history of a train, and status of a wait-listed ticket.Premium
RailYatri provides information on train schedules and delays, platform numbers and coach positions, on-time history of a train, and status of a wait-listed ticket.

Mumbai: Stelling Technologies Pvt. Ltd, a Noida-based company that operates the train travel app RailYatri.in, said on Wednesday that Nandan Nilekani, co-founder Infosys Ltd, has invested an undisclosed amount in the company.

Existing investors Helion Ventures, Omidyar Networks, and Blume Ventures also participated in this round of funding, the company said. The company raised a pre-series A round led by Helion in 2015 and a seed round from Blume ventures in 2014 .

“What excites me about RailYatri is the fact that this is a new-age product made by Indians for Indians. The RailYatri app, which intelligently harnesses the power of smartphones, data and mobile payments, has a huge opportunity of impacting the lives of millions of travelers," said Nilekani, former chairman of the Unique Identity Authority of India, in a statement.

The company, founded by Manish Rathi, Kapil Raizada and Sachin Saxena in 2011, plans to launch an array of other services and increase its user base, which currently stands at 2 million.

“Our aspirations align with Mr. Nilekani and we believe his treasure trove of experience will help us in our endeavors. RailYatri app is already among the fastest growing travel apps in India and we are now ready to take it to the next level. In the next couple of years we want RailYatri to reach out and help in the travel of each and every traveler in India," said Raizada.

RailYatri.in provides information on train schedules and delays, platform numbers and coach positions, on-time history of a train, and status of a wait-listed ticket.

It also enables travelers to book essential services such as premium on-board meals, bus tickets, and budget rooms.

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Published: 27 Apr 2016, 05:29 PM IST
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