Logistics

RailYatri.in raises fresh round of funding

Our Bureau Mumbai | Updated on January 16, 2018

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RailYatri.in, the train travelling consumer app start-up, has raised fresh funding with participation from all its existing investors - Nandan Nilekani, Helion Ventures, Omidyar Partners and Blume Ventures. However, the quantum of funding was not disclosed.

This round comes on the back of the round which the company had raised in March this year.

With this fresh funding, RailYatri.in is looking at growth and new services to enrich the travelling experience of travellers.

“We have witnessed an unprecedented organic growth over the last several months and are quickly moving in the direction of becoming the largest travel app in the country.” says Manish Rathi, CEO & Co-founder RailYatri.in.

“In many ways, such an enthusiastic participation from our investors revalidates 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,” he added.

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 all the more excited about the impact which RailYatri can bring in using a smart combination of mobile, data, payments and analytics to the common man in India. Their prediction algorithms are already delivering time and money savings for the travelllers," added Nandan Nilekani, former Chairman of UIDAI.

Published on October 19, 2016

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