Company Name : ConfirmTkt
Funding Amount : $250K
Investor(s) Venture Catalysts . .
Funding Round : Seed round
Venture Catalysts invested of $250k into ConfirmTkt. VCats angels including Dr. 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 drive.
ConfirmTkt will be using the fund for product development and hiring and Anirudh Damani will be joining the Board following the investment.
Founded in July 2014 by two ex-IBMers, 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 best personalised train travel options for every user.
ConfirmTkt claims to have grown considerably with 500k mobile app installs across platforms and a daily active usage of 35k unique users.
Sripad Vaidya, Co-Founder of Confirmtkt.com said, “We are excited about this development. We believe that with the backing of Venture Catalyst`s will help us a lot to further enhance our product offering and expand our market penetration among internet & mobile users in India.”