Train travel app, RailYatri.in announced that it has raised a pre-series A funding. The amount however, has not been disclosed. The funding round was led by Helion Venture Partners, with participation from Omidyar Network and existing investors Blume Ventures and Ujama. The raised amount will be used for product development and to fuel the growth of the company.
The Noida-based startup, provides a wide range of crowd-sourced decision making information related to train travel in India. As per sources, Rahul Chandra, Managing Partner, Helion will join the board of the company.
In November 2014, the company had raised a funding of $486K from Blume Ventures with participation from US based angel investor.
Co-founded by Manish Rathi, Kapil Raizada and Sachin Saxena, RailYatri mobile app was launched in 2014 with an intent to provide real-time rail travel-related information, including, train status, platforms, seat availability predictions, facilities at stations, personalized alerts and providing access to essential travel services like meals and taxi. The company has partnered with taxi service providers across 20 cities and food vendors across 300 stations.
The app provides information for over 9000 locations and 14500 trains including local trains and metros. The app is available for Android users and has crossed 1 million downloads. Recently, the app added a new feature known as ‘trip sharing feature’ which allows train commuters to share live location with family and friends while travelling.
Manish Rathi, Co-founder and CEO, RailYatri.in said, “Millions of train travelers in India make uninformed travel choices and end up spending more; both on time and money. Our goal is to reach out to every train travelers and empower them by bridging the information/services gap.”Category Business Investments