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Railyatri Raises $14 Million from Nandan Nilekani, Samsung Venture

24Feb By AnkitaNo Comments

FUNDING

Railyatri Raises $14 Million from Nandan Nilekani, Samsung Venture

Railyatri, now known as IntrCity by RailYatri raises around $14 million (over Rs 100 crore) led by Infosys Chairman Nandan Nilekani. The round saw Samsung Venture Investment coming on board as a strategic investor. Existing investors Omidyar Network and Blume Ventures also participated, a statement said. Nilekani is also an existing investor in the company. The intercity mobility startup has so far raised a total of USD30 million (about Rs 215 crore). We have grown over 500 per cent in the last year with the entire growth costs being met from our internal revenue generation, and we are projecting 300 per cent growth over the next three consecutive years," IntrCity by RailYatriCo-founder KapilRaizada said. The latest investments will help us further expand our IntrCity Smar...

15Feb By RishabhNo Comments

FUNDING

RailYatri To Raise $10 Million Funding From Omidyar Network

Indian Railway query platform RailYatri is in talks to secure a funding of $10 million from its existing investor Omidyar Network, a philanthropic investment firm. This third round of funding will also see participation from its other existing investors including Blume Ventures, Helion Venture, Nandan Nilekani according to the source ET. “While the talks are on with our existing investors, the quantum of capital we will raise will depend on the scale we wish to achieve over the next 12-18 months,” Manish Rathi, co-founder of RailYatri told the source. The fresh capital will be used to expand the firm's offerings to capture the long-distance market through penetration in geographical spread of buses, along with the introduction of long-distance taxis. RailYatri will also be aiming ...

Travel App RailYatri Acquihires YatraChef

23Jan By AnkitaNo Comments

ACQUISITION

Travel App RailYatri Acquihires YatraChef

Noida based RailYatri acqui-hired Kochi based food-delivery technology start-up YatraChef. Yatrachef team will now manage the pan-India supply side of the former's in-transit delivery business. "YatraChef brings a deep experience of nearly four years in food delivery and vendor management, and have a track-record of delivering outstanding consumer experience to travelers. Their skills will help us jointly develop new offerings that would re-define the traveler experience with RailYatri," said Manish Rathi, CEO and Co-founder RailYatri. Last-mile capability is becoming a critical piece in commerce marketplaces as companies are able to provide a complete online and offline experience to its users, in addition to creating a premium and differentiated offering. With this, a long-dista...

Infosys Co-founder Nandan Nilekani Invests in RailYatri.in

2May By PriyankaNo Comments

FUNDING

Infosys Co-founder Nandan Nilekani Invests in RailYatri.in

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.” “...