Stelling Technologies Pvt. Ltd, a Noida-based company that operates the train travel app RailYatri.in, has received an undisclosed amount of funding from its existing investors, the company said in a press release on Wednesday.
“Their prediction algorithms are already delivering time & money savings for the travellers,” said Nandan Nilekani, former Chairman of UIDAI.
The fresh funding round comes after almost seven months when RailYatri had raised money from these investors. The company raised a pre-series A round led by Helion in 2015 and a seed round from Blume ventures in 2014.
“We have witnessed an unprecedented organic growth over the last several months and are quickly moving in the direction of becoming the largest travel app in the country.” says Manish Rathi, CEO & Co-founder RailYatri.in.
“In many ways, such an enthusiastic participation from our investors revalidates our strong value proposition to the largest travel segment in India. Over the next 12 months we plan to establish RailYatri.in as a household name across the country”, he added.
“We’re inspired by RailYatri’s innovative technology-led solution catering to a massive population of long distance rail passengers through a content, commerce and community strategy. We believe the company is well poised to generate impact at scale while achieving financial success,” said Siddharth Nautiyal, investment partner at Omidyar Network.
Founded in 2011 by Manish Rathi, Kapil Raizada and Sachin Saxena, RailYatri recently forayed into becoming a train-travel oriented marketplace. It is now enabling travellers to book essential services such as high-quality onboard meals, bus tickets, budget rooms and others.
“RailYatri’s strength lies in their ability to drive huge organic acquisitions at near zero costs. This positions them strongly to scale positive unit-economics transactions, and is one of the reasons they have been able to stand apart from the rest,” said Rahul Chandra of Helion Ventures.