RailYatri raises fresh round of funding from existing investors
Summary
"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," said Manish Rathi, CEO & co-founder RailYatri. "Their prediction algorithms are already delivering time & money savings for the travellers," said Nandan Nilekani, former Chairman of UIDAI. Nilekani has also invested in online buying hub for SMEs Power2SME, industrial robots maker Systemantics India, mobile startup Mubble, aviation tech startup Team Indus, online deal-making platform LetsVenture, logistics firm Fortigo and book publisher Juggernaut. "Were inspired by RailYatris 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," says Siddharth Nautiyal, investment partner at Omidyar Network.