RailYatri.In raises fresh funds from Helion and others


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.

Also Read

WB finds Bhubaneswar best place to do business in India:Swaraj

India can play a lead role in Indian Ocean region: Pradhan

One arrested for making threat call to Air India city office

Bhutan's debt increasing at 9.5 pc, India largest creditor

National conclave on 'Nourishing India's Tribal Children'

FS in US: India's role in S Asia, terrorism, trade discussed

'Criminal nexus' between Lalit Modi and Raje family

FTII: Students' talks with I&B Ministry authorities on July 3

Maha govt to form Non-Banking Financial Services institution

Centre not serious on 1984 anti-Sikh riots case: AAP

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.

First Published: Jun 30 2015 | 4:07 PM IST

Explore News