Train Travelling Startup RailYatri.in Raised Funding From Nandan Nilekani, Helion Ventures, Omidyar Partners and Blume Ventures
RailYatri.in, a train travelling startup that facilitates real time information regarding trains in India through its mobile app to its customers, has raised fresh funding from Nandan Nilekani, Helion Ventures, Omidyar Partners and Blume Ventures.
The raised capital will be used by the company to aggressively push growth and offer new services to enrich the travelling experience of travelers.
Earlier in March, 2016, the startup raised its previous funding.
Commenting on this development, Manish Rathi, CEO & Co-founder RailYatri.in, said, “In many ways, such an enthusiastic participation from our investors re-validates our strong value proposition to the largest travel segment in India. Over the next 12 months we plan to establish RailYatri.in as a household name across the country.”
Train travelling startup RailYatri was founded in 2011 by Manish Rathi, Kapil Raizada and Sachin Saxena. It offers services such as Railway Alert System, Live Train Station, Arrival / Departure, PNR Status, Rail Wisdom, Time Table, Trains between Stations, Platform Locator, and Seat Availability. Recently, it also introduced meal booking on train. The platform uses deep-analytics technology to make intelligent predictions that help travelers make smart decisions for their upcoming travel. It is now letting travelers book essential services such as high-quality on-board meals, bus tickets, budget rooms, etc.
It has just launched its Medical Emergency Help enRoute Train through the app. This will assist users locate all important information about available medical facilities in their location.
Nandan Nilekani, former Chairman of UIDAI, who participated in this round, said, “My ongoing interactions with the extended RailYatri team has made me all the 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. Their prediction algorithms are already delivering time & money savings for the travelers.”
Siddharth Nautiyal, investment partner at Omidyar Network, said, “We’re inspired by RailYatri’s innovative technology-led solution catering to a massive population of long distance rail passengers through a content, commerce and community strategy. We believe the company is well poised to generate impact at scale while achieving financial success.”