Train travel app maker RailYatri has raised Series B funding of an undisclosed amount led by Omidyar Network with participation from its existing investors including Nandan Nilekani, Blume Ventures and Helion Venture Partners. The company will use the fresh funds for growth, and to add new services.
In a statement, RailYatri’s co-founder and CEO Manish Rathi said it plans to reach 10 million annual transaction rate this year, and this round will help the company to achieve its goal. “Our low cost of acquisition allows growth with margins, and RailYatri is now expanding into budget hotels and packages, for which we are aggressively hiring in all verticals,” he added.
The Noida-based startup RailYatri helps traveller’s to track trains live location, other than showing the platform number, coach position, on-time history of a train, waitlist confirmations etc. RailYatri can be used to book services like onboard meals, taxi and bus tickets, and budget rooms as well. The company claims to have 12 million monthly users.
In January, RailYatri has acqui-hired Kochi-based food-delivery technology start-up YatraChef for an undisclosed amount, to manage the pan-India supply side of its last mile delivery business.
In October 2016, the company raised an undisclosed amount of funding with participation from all of its existing investors including Nandan Nilekani, Helion Ventures, Omidyar Partners and Blume Ventures. In the same year, RailYatri raised funding in March this year, from Helion, Omidyar and Blume Ventures. It also raised an undisclosed amount of funding in June last year and had raised seed funding back in 2014.