Who: Multi-modal train travel app, RailYatri
Funding Round : Pre Series A
Location : Noida
Investors : Helion Ventures, Omidiyar Network, Blume Ventures and Ujama.
Funding Amount : Not Disclosed
RailYatri has raised pre-series A funding led by Helion along with Omidiyar Network and existing investors Blume Ventures and Ujama. This is Helion’s third mobility investment in 2015 after Wooplr and Crown-IT.
This round of funding will be used to accelerate growth. Rahul Chandra, Managing Partner, Helion will join the board of the company.
Cofounded 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 services firms across 20 cities and food vendors across 300 stations.
In India, nearly 25 million passengers are on the move every day. RailYatri provides information for over 9000 locations and 14500 trains including local trains and metros.