Blume Ventures has led a Rs.3 crore investment round in Noida-based Stelling Technologies, which owns and operates web and mobile app RailYatri.in. The company had earlier raised funding from Ujama Ventures, a Silicon Valley-based angel investment firm. Proceeds from the latest round will be used to grow the technology platform as well as for marketing initiatives.
Founded by Manish Rathi, Kapil Raizada and Sachin Saxena in 2011, RailYatri is a web and mobile-based tool that provides consumers rail travel-related information, including, live train status. Its monetisation model is based on taxi bookings and allowing customers to order food on the go. It has tie-ups with taxi services firms across 30 cities and food vendors across 300 stations.
Source: Economic Times
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