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RailYatri.In raises fresh funds from Helion and others

Press Trust of India  |  Mumbai 

Multi-modal train travel app RailYatri.In has raised fresh funds led by Helion Venture Partners along with Omidyar Network and existing investors Blume Ventures and Ujama.

The company did not disclose the sum it has raised, but said in a statement that the first strategic round of funding will be used for consolidating its product leadership in the domain, and to accelerate growth.

Post the round, Helion Managing Partner Rahul Chandra will join the board of Railyatri.

Co-founded by Manish Rathi, Kapil Raizada and Sachin Saxena, RailYatri mobile application was launched in 2014 and provides a wide range of crowd-sourced information related to train travel in India.

"We will continue to simplify train travel by launching newer capabilities to engage with our travellers and allow them to plan their trips on their own. We have aggressive growth targets and we plan to raise further capital soon," Manish Rathi, co-founder and chief executive, RailYatri.In said.

RailYatril.In has partnered with taxi services firms across 20 cities and food vendors across 300 stations.

It provides information for over 9,000 locations and 14,500 trains including local trains and metros.

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First Published: Tue, June 30 2015. 16:07 IST
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