RailYatri, a popular mobile application which provides you with real time information iregarding trains in India, has raised funding led by Helion Venture Partners with participation of Omidyar Network.
Existing investors of the company, Blume Ventures and Ujamaa Ventures have also participated in this funding round. The financial details related to the deal have not been revealed yet.
Founded in 2011 as Stellant Technologies by Manish Rathi along with Kapil Raizada and Sachin Saxena, the app provides crowdsourced information for numerous railway aspects such as train status, platforms, seat availability predictions, station facilities, and personalized alerts. The app is only available of Android platform as of now.
After launching its mobile application in April 2014, the company has managed to get user base of 1.2 million. And according to the company, an impressive 70% of its users uses its app at least once a month.
It claims to have server over 35,00,000 users and its has been downloaded for over 7,50,000 times in less than a year. The services offered by RailYatri includes Railway Alert System, Live Train Station, Arrival / Departure, PNR Status, Rail Wisdom, Time Table, Trains between Stations, Platform Locator, and Seat Availability.
Recently, in May 2015, it introduced a new feature called “insights” which provides intelligent and intuitive data-led predictions such as: where are people travelling to, the busiest train routes, mobile network coverage on routes, train delays, etc. This could come a long way in helping the over 25 million domestic travelers who travel via world’s third largest railway network everyday.
Manish Rathi, CEO and co-founder of RailYatri, said,
“We are helping travellers make decisions in a systemic manner by crunching historical data and making predictions.”