Railofy raises Rs 4 Cr in seed round from Roots Ventures, Better Capital, others
Railofy, a startup that offers travel protection to railway passengers against waitlist (WL) and reservation against cancellation (RAC), on Wednesday announced that it has raised an additional Rs 4 Cr in its seed round led by Roots Ventures, Astarc Ventures, Better Capital, and other prominent angel investors.
Railofy claims to have issued thousands of protections, especially to migrants traveling back to metros in search of jobs, students for upcoming entrance exams, and travellers for the upcoming festive season rush. By leveraging technology such as AI and Machine Learning, Railofy is ensuring that railway passengers reach their destinations at the lowest price possible.
Speaking about the new development, the founders of Railofy said, "At Railofy, we are committed to ensuring convenient, affordable, and timely travel for every railway passenger who has been waitlisted. We are seeing a good customer response even in the current pandemic, which testifies to the intensity of the problem faced by the average Indian when his train ticket is not confirmed.”