RailYatri, a Noida-based web and mobile train travel app, has raised an undisclosed amount of funding from existing investors. The investors include Nandan Nilekani, Helion Ventures, Omidyar Partners, and Blume Ventures. The raised funds will be used to enhance the company’s growth as well as to introduce new services on its platform.
The company has also forayed into the segment of a travel-focussed marketplace and is now offering travellers the facility to book onboard meals, bus tickets, hotel rooms etc. Talking about the investment, Nandan Nilekani, who invested 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 travellers.
RailYatri was founded by Manish Rathi, Kapil Raizada and Sachin Saxena in 2011. It is a crowdsourced platform for train and travel related services. It provides comprehensive information on train status, reservation status, seat availability, amenities, disruptions etc.
The company uses deep-analytics technology to make intelligent predictions that help travellers make decisions for their upcoming journeys. The app uses a traveller’s mobile GPS to predict a train’s delay, and provides information regarding the platform number, coach position, and on-time history of a train. Manish Rathi, CEO and co-founder, RailYatri, said,
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. 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 as a household name across the country.