Nandan Nilekani, Infosys co-founder and former chairman of UIDAI invested an undisclosed investment in RailYatri.in.
Founded by Kapil Raizada, Sachin Saxena, and Manish Rathi, Railyatri is a web and mobile app-based startup that provides real-time and analytics-based travel-related information to passengers. The startup claims to serve 2 million users a month.
Helion Ventures, Omidyar Networks and Blume Ventures has also invested an undisclosed sum along with Nilekani.
“What excites me about RailYatri is the fact that this is a new-age product made by Indians for Indians,” said Nilekani in a statement. “The RailYatri app, which intelligently harnesses the power of smartphones, data and mobile payments, has a huge opportunity of impacting the lives of millions of travellers.”
“Our aspirations align with Mr Nilekani and we believe his treasure trove of experience will help us in our endeavours. His passion and success in using technology to transform lives for the common man – be it in Aadhaar project which recently crossed billion registrations or the recent Unified Payment Interface (UPI) – has been truly inspirational,” said Kapil Raizada, co-founder RailYatri.in.
App Speciality –
With over 24 million passengers travelling daily by train, RailYatri.in uses deep-analytics to make intelligent train travel related predictions. For example, a passenger travelling from Delhi to Ahmedabad can access information on which is the best train to take based on parameters such as ticket availability, delays and service.
Besides, the startups’ mobile app uses a traveller’s mobile GPS to predict a train’s delay, in addition to platform number, and coach position. It also has a feature that informs a passenger if a waitlist ticket would get confirmed. Recently, RailYatri.in launched an option whereby travellers can pre-book their meals.