RailYatri gets Backing from Omidyar In Series B Round
Noida-based, train-related travel information provider, RailYatri has raised an undisclosed sum in a Series B round led by impact investor Omidyar Network, a company statement said.
Existing investors Nandan Nilekani, Blume Ventures and Helion Venture Partners were also present in the round, the statement added.
Operated by Stelling Technologies Pvt. Ltd, RailYatri was founded by Kapil Raizada, Sachin Saxena and Rathi in 2011. It provides information on trains, passenger amenities at stations, platforms and trains’ speed as well as alerts via mobile app, web, and SMS.
In January this year, the crowd-sourced platform acqui-hired food-delivery technology startup YatraChef.
In 2015, it raised an undisclosed amount in a pre-Series A round of funding led by Helion Venture Partners, Blume Ventures and Omidyar Network.
In October 2016, it raised a follow-on round of funding from all its existing investors—Nandan Nilekani, Helion Ventures, Omidyar Partners and Blume Ventures.