IntrCity By RailYatri Bags Series B From Samsung Ventures, Omidyar and Blume
India, Feb. 24 -- Mobile-based train booking app IntrCity by RailYatri, on February 17, raised INR 14.03 Cr from Samsung Venture Investment Corporation as a part of Series B funding round.
According to the regulatory filings accessed by Inc42, Samsung Venture Investment has been allotted 29,725 Series BB compulsory convertible preference shares (CCPS) for INR 4,710 per share, totalling up to INR 14.03 Cr.
Besides this, RailYatri also raised INR 65.58 Cr funding from Entrust Family Office, Omidyar Network and Blume Ventures Services in January this year, which was also a part of the Series B round. This takes RailYatri's funding for this year to INR 79.61 Cr.
Manish Rathi, CEO and cofounder, IntrCity RailYatri said,"We could create Indi...
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