RailYatri raises $10 million Series B funding from Omidyar Network
By MYBRANDBOOK
RailYatri, a travel start-up, has raised an undisclosed amount in Series B funding led by Omidyar Network. With the addition of bus and one-way cab bookings, this Noida-based start-up has rapidly increased its footprint in the long-distance travel space and quickly emerged as a top travel destination with over 12 million monthly users. This round led by Omidyar Network, saw participation from all other existing investors, including Nandan Nilekani, Blume Ventures and Helion Venture Partners.
Manish Rathi, Co-Founder & CEO RailYatri, said, “We are overwhelmed by the travellers response to our platform, and at current growth rates we expect to be India’s largest traveller destination this year. Our marketplace has exceeded expectations and is touching 100 crore run rate in bookings in its first full year. Our offline reach extends to over 100 cities with the tier-2 and -3 cities helping drive growth. We plan to reach 10 million annual transaction rate this year, and this round will help us in achieving our goal. Our low cost of acquisition allows growth with margins, and RailYatri is now expanding into budget hotels and packages, for which we are aggressively hiring in all verticals.”
RailYatri which has a strong base of loyal users has come a long way from being an information platform to a leading e-commerce entity which helps travellers make better, informed buying decisions. Siddharth Nautiyal, Investment Partner, Omidyar Network, added, “We continue to be very impressed by the growth, consumer feedback and large-scale impact of the RailYatri platform. They are constantly innovating to improve the travel experience for millions of travellers every day. We are confident that they will soon be the default starting point for any traveller in India and especially the next half billion Indians coming online over the next three to five years. RailYatri’s India-first solution underscores frugal innovation with its data and information-centric approach to travel commerce.”
BREAKING NEWS
TECHNO TRENDS
Nazara and ONDC set to transform in-game monetization with ‘
Nazara Technologies has teamed up with the Open Network for Digital Comme...
Jio Platforms and NICSI to offer cloud services to government
In a collaborative initiative, the National Informatics Centre Services In...
BSNL awards ₹5,000 Cr Project to RVNL-Led Consortium
A syndicate led by Rail Vikas Nigam Limited (abbreviated as RVNL), along wi...
Pinterest tracks users without consent, alleges complaint
A recent complaint alleges that Pinterest, the popular image-sharing platf...
E-Magazine
TECHNOTAINMENT
Netflix adds 'Moments' feature for saving, sharing scenes from
Netflix has introduced a new “Moments” feature on its mobile app, whic
Jacqueline Fernandez come together with YouTuber Mr. Beast for
Jacqueline Fernandez has partnered with American YouTuber Mr. Beast to b
MOVERS & SHAKERS
Visa elevates Rishi Chhabra as new Country Manager for India
Rishi holds a Master’s in Industrial Engineering from The Ohio State Univ
Genesys welcomes Albert Nel as Senior VP and Regional Sales Le
Genesys continues to deepen its investment in the APAC region. Earlier this
OPEN YOUR EYES
INTERVIEWS
Cisco building a trusted and resilient future for the nation
Security is foundational to everything Cisco does and customers insist on e
Autodesk continually pushing the boundaries in the Design and
Autodesk’s vision is of a better world designed and made for all. It inte
HOT PICK
SonicWall Launches TZ80: A Powerful Solution for Remote Office
SonicWall announced today the launch of the TZ80, a groundbreaking securit
Gigabyte X3D Turbo: A Gaming Revolution
GIGABYTE X3D Turbo Mode is a cutting-edge feature that unifies cores distr
MAKE IN INDIA BRANDS
DRUVA SOFTWARE PVT. LTD.
MATRIX COMSEC PVT. LTD.
RELIANCE JIO INFOCOMM LTD.
BHARAT ELECTRONICS LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Icons Of India : Anil Agarwal
Anil Agarwal, the Founder and Chairman of Vedanta Resources Ltd., is r...
Icons Of India : Dr. Sanjay Bahl
Dr. Sanjay Bahl has around four decades of experience in the ICT indus...
SHAKTIKANTA DAS
Shaktikanta Das is serving as the current & 25th governor of the Reser...
PARTNER SPEAKERS
PSU
NSE - National Stock Exchange
NSE is the leading stock exchange in India....
NIC - National Informatics Centre
NIC serves as the primary IT solutions provider for the government of ...
LIC - Life Insurance Corporation of India
LIC is the largest state-owned life insurance company in India...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - PADMASREE WARRIOR, Founder, President & CEO - Fable
Padmasree Warrior, the Founder, President, and CEO of Fable, is revolu...
Indian Tech Talent Excelling The Tech World - AJAY BANGA, President - World Bank
Ajay Banga is an Indian-born American business executive who currently...
Indian Tech Talent Excelling The Tech World - JAY CHAUDHRY, CEO – Zscaler
Jay Chaudhry, an Indian-American technology entrepreneur, is the CEO a...
STARNITE AWARDS 2024
ITFORUM 2024
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
