Omidyar leads Series B round in travel firm RailYatri
Summary
Noida-based train travel startup RailYatri has raised an undisclosed sum in a Series B round led by impact investor Omidyar Network, a company statement said. “We plan to reach 10 million annual transactions this year, and this round will help us in achieving our goal. Ltd, RailYatri was founded by Kapil Raizada, Sachin Saxena and Rathi in 2011. With this addition, the company will compete with online travel agencies such as MakeMyTrip, Cleartrip, Goibibo, Yatra and Goomo. In the standalone hotel booking space, there are newer tech-enabled and well-funded players such as OYO, Treebo and Fabhotels, among others.
Funding
Amount
$8.0M
Total raised
Date
April 27, 2018
Announcement date
Investors
RailYatri
Lead investors
Company
http://www.intrcity.com
Funded company
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