Exclusive: RailYatri tops up Series C round with over $3 Mn funding
Summary
Train ticketing platform RailYatri has raised Rs 28.58 crore or $3.44 million in a mix of equity and debt funding round led by Mirabilis Investment Trust. The round also saw participation from NRJN Family Trust, Omidyar Network, and Blacksoil.The board at RailYatri has passed special resolutions to issue 26,663 Series C CCPS at an issue price of Rs 4,720 each and 21,107 Series C CCPS for 5,685 per share for a total consideration of Rs 24.58 crore or $3 million. Blacksoil joined the round with Rs 4 crore debt funding.As per the startup intelligence platform TheKredible, RailYatri has already raised Rs 13.5 crore from existing investors in the Series C round across multiple tranches during 2022. For more information about the company, visit here.Online travel aggregator (OTA) RailYatri offers train ticket information along with intercity bus service IntrCity SmartBus which runs on routes such as DelhiLucknow, DelhiKanpur, MumbaiPune, BengaluruHyderabad, and ChennaiCoimbatore among others. RailYatri also launched a flexi-ticket feature that allows users to make last-minute changes to their plans when finding a reservation on trains isnt available.Post-allotment of the round, the NRJN Family Trust is the leading stakeholder in the company with a 22.82% stake.