Bangalore-based train ticket discovery platform ConfirmTkt has raised an investment of $250,000 from Venture Catalysts, Indian seed investment & innovation platform.
Venture Catalysts angels including Apoorv Ranjan Sharma, Anirudh Damani, Anand Ladsariya, Sanjay Mehta and Krishna Jhujhunwala led the round, while other investors, such as Urrshila Kerkar also participated in the funding round.
ConfirmTkt will be using the funding raised for product development and hiring, while Anirudh Damani will be joining the Board following the investment. In July 2015, the company had raised angel round of funding from Pravin Agarwala among other investors.
Founded in July 2014 by two ex-IBM executives, Sripad Vaidya and Dinesh Kumar Kotha, ConfirmTkt is a platform that aims to make the travel ticket discovery and booking process easier. The company is working towards building a ticket discovery engine which suggests the personalised train travel options for every user. The startup has around 500,000 mobile app installs across platforms and 35,000 daily active users.
It competes with the likes of MakeMyTrip, Goibibo, and Yatra. Trainman and Indianrailinfo also provides status around tickets and trains.Category Investments News