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...