India: RailYatri receives funding from existing investors Helion, Omdiyar & others

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.

The investors include Nandan Nilekani, Helion Ventures, Omidyar Partners and Blume Ventures.

“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.

Also Read:

India: Infy co-founder Nandan Nilekani boards RailYatri as an investor

India: Unocoin Technologies raises $1.5m pre-Series A led by Blume Ventures

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.