Yesterday internet market got exploded with another big news from startup world. Routofy.com, a startup created by IIT Delhi students operating in travel planning domain, has raised an undisclosed amount funding from Snapdeal’s co-founders Kunal Bahl and Rohit Bansal and Nikunj Jain, founder of Frankly.me. The funds are said to be used for expanding team and enhancing technology.
We spoke to Mr. Abhishek Aggarwal (co-founder of routofy) about this deal and routofy future planning after the initial round of funding. Have a look what he shared with us:
Launched by Ronak Gupta last year, Routofy is addressing the complex challenges of the multi-billion dollar Indian travel market by using technology to build a new platform that combines massive amounts of flight, train and bus data, resulting in a solution that provides end to end connectivity all the way down to smallest towns and villages. and at the same time gives you an opportunity to compare different modes in one search, thus eliminating the need to visit multiple websites to plan their entire journey.
The idea came about when Ronak spent a semester in France under IIT Delhi’s semester exchange programme. All enthused to take the backpack route and travel across Europe, he faced his first roadblock trying to figure out a suitable way to reach the destination. It was a brain wracking experience as the options were far too many and confusing.
In Ronak’s own words, “I used to open multiple tabs for flight, train, bus schedules and prices. A lot of the times, a good direct option wasn’t available. Sitting with Google maps, I tried to find alternate and indirect connections to my destination. Once back in India, I realized that the problem assumes complex proportions here, as the system is much more complicated.“
All this is possible because of the technology, a multi-modal route planner, we’ve built that works like magic and returns the best hundred paths in a fraction of second, after analyzing millions of possible paths/itineraries. The beauty of this technology is that everything happens in real-time on current prices and schedules.
Along with Ronak there are two other masterminds behind this fantastic venture, Abhishek Aggarwal a B.tech & MTech (Computer Sc.) from the house of IIT Delhi, who has also Worked at Microsoft, has been a pillar for Routofy along with Preeti Rawat an MCA from IIT Roorkee an ex Google Zurich employee.
The Revenue model:
As of now, the site earns money on an affiliate basis. “The next step will be to make these point-to-point itineraries bookable. Right now we redirect to other sites, in one step; so the transaction happens only once which is actually much more useful in case of mobile”.
Future road with Funding:
We are also working on a mobile app for the Android platform, which should be out in a month. Routofy has also been mentioned as one of the promising startups last year.
“We’re right now focusing a lot on making our multi-modal indirect itineraries actually implementable on ground. For this we’ve incorporated a lot of data at the backend: previous train delays, airport/train station transit transfer times, check-in and waiting times etc“ tells Abhishek
Also by crowdsourcing, who better than the person who’ve been on that route can tell about the best way to reach and other intricacies, so by letting people rate and review itineraries and building a community around it.
The next step, according to the team, will be to enable users to book these point to point itineraries in one step on our platform, so the transaction happens only once which is actually much more useful in case of mobile (right now we redirect to other sites for booking). The core proposition here will be handling the coordination between different modes to provide a seamless travel experience to the user during her journey.
The vision is to help users find the best way to travel from any point in India to any other point and give him an opportunity to book the whole itinerary, all at one go.
“We’re thrilled to welcome Kunal, Rohit and Nikunj to Routofy given their long-term experience in the technology sector as entrepreneurs.” added Abhishek.