Co-founder of Infosys Nandan Nilekani has invested certain amount in India’s first Railway app RailYatri.in The amount has not been disclosed yet. The railway app will help thousands of commuters to keep a track on timings, arrival, departure, delays, stations, stoppages, and many more.
Apart from Infosys founder, other firms too participated in venture capitalization. These included former UIDAI Chairman, Helion Ventures, Omdiyar Networks and Blume Ventures. The firms had equal standards of investing. Though Nilekani invested the major portion with an undisclosed amount.
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Last year, RailYatri.in railway app saw many venture capital firms for investment purposes which included all the existing capitalist such as Helion Venture Partners, Omdiyar Network, Blume Ventures and Ujama. The railway department did not share the amount it had raised last year but still it is estimated that the app has been able to raise fund of approximately $2 millions.
According to Infosys Co-founder, Nandan Nilekani, What excites me about RailYatri is the fact that this is a new-age product made by Indians for Indians. 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.
The mobile app is based on analytic technology which will help commuters to keep a track record of trains and facts related to it. Right from position of coaches to train routes station by station can be seen through the app. Thorough listing of tickets will be the prime reason to use the app.
When queried over the railway app, Co-Founder of RailYatri.in, Kapil Raizada stated that, ”We are honoured to have Nandan Nilekani as our investor. His passion and success in using technology to transform lives for the common man — be it in Aadhar project which recently crossed a billion registrations or the recent Unified Payment Interface (UPI) — has been truly inspirational.”
Currently the app is used by more than 2 million users and still counting. RailYatri.in has included almost 2000 stations, including major/metro and small city/town based. Founders of the railway app Kapil Raizada, Manish Rathi, and Sachin Saxena aspire to reach the goal of 6000 stations by the end of this year. An initiative taken in 2014, RailYatri.in has already reached to many Indians and is one of the major projects under ‘Make In India.