Nandan Nilekani invests in train travel app
New Delhi: Train travel solutions app RailYatri.in on Wednesday said Infosys co-founder Nandan Nilekani has invested an undisclosed amount in it.
“What excites me about RailYatri is the fact that this is a new-age product made by Indians for fellow Indians, which intelligently harnesses the power of smartphones, data and mobile payments, has a huge opportunity of impacting the lives of millions of travelers,” Nilekani said in a statement.
Using deep analytics technology, RailYatri.in app makes intelligent predictions to make smart decision for an upcoming journey.
The app uses a traveller’s phone GPS to predict train delay and also gives information on platform number, coach position, speed of the train, personalised alerts, on-time history of a train and also check if a waitlisted ticket will get confirmed, the statement said.
RailYatri.in also forayed into digital transactional marketplace, facilitating booking of onboard meals, bus tickets, budget rooms and other services.
“Our aspirations align with Nilekani and we believe his treasure trove of experience will help us in our endeavors,” said RailYatri.in co-founder Kapil Raizada in the statement.
Founded by Kapil Raizada, Sachin Saxena and Manish Rathi, RailYatri.in app is currently being used by two million users per month.
Other existing investors of the train travel app include Helion Ventures, Omidyar Networks and Blume Ventures.