Noida-based Stelling Technologies Pvt Ltd, the parent company that owns and operate RailYatri.in, a crowd-sourced platform that provides train-related travel information, has raised an undisclosed amount in a Series A round of funding from India's billionaire Nandan Nilekani. 60-year-old Nilekani is Infosys co-founder and former UIDAI chairman and ranked 69 in the Forbes India Rich List 2015 with a net worth of $1.61 billion.
The funding round also saw participation of existing investors Helion Ventures, Omidyar Networks and Blume Ventures. The startup will use the funding for marketing and enhancing technology, it said in a statement.
Founded by Manish Rathi, Kapil Raizada and Sachin Saxena in 2011, RailYatri is a Web and mobile-based tool that provides consumers with all rail travel-related information, including, live train status, platform locator and seat availability.
"What excites me about RailYatri is the fact that this is a new-age product made by Indians for Indians," said Nilekani in a statement issued on Wednesday. “The RailYatri app, which intelligently harnesses the power of smartphones, data and mobile payments, has a huge opportunity of impacting the lives of millions of travellers."
With over 24 million passengers travelling daily by train in India, RailYatri.in uses deep-analytics to make intelligent train travel related predictions. For example, a passenger travelling from Delhi to Ahmedabad can access information on which is the best train to take based on parameters such as ticket availability, delays and service.
RailYatri has mobile app that uses a traveller's mobile GPS to predict a train's delay, in addition to platform number, and coach position. It also has a feature that informs a passenger if a waitlist ticket would get confirmed. Recently, RailYatri.in launched an option whereby travellers can pre-book their meals.
Nilekani has previously 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.
[Top Image - Shutterstock]
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