Saturday, July 20, 2024

Explore RailYatri Growth: FY23 Revenue Soars, Losses Cut Down

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Noida-based startup RailYatri, operated by Stelling Technologies Pvt. Ltd., has witnessed remarkable growth in its fiscal year 2023 (FY23) revenue, nearing Rs 300 crore. The train ticketing platform reported a significant 2.3X increase in revenue from operations, reaching Rs 273.73 crore in FY23, compared to Rs 117.21 crore in the previous fiscal year.

RailYatri, established in 2014, has expanded its services beyond train ticket information to include the IntrCity SmartBus service, covering major routes across India. The introduction of a ‘flexi-ticket’ feature has also enhanced customer flexibility, catering to last-minute changes in travel plans. Notably, the Railyatri derives 93% of FY23 revenue from its roadway operations, while the remaining portion comes from commissioning, advertising, and publicity efforts.

RailYatri FY23 revenue

In addition to revenue from operations, RailYatri also benefited from financial gains, including interest, contributing to a total revenue of Rs 279.75 crore for FY23. The company’s efforts in diversifying its services and revenue streams have evidently paid off, leading to significant revenue growth.

RailYatri has also made strides in reducing its losses, decreasing them by 58.5% to Rs 18.2 crore in FY23 from Rs 43.87 crore in FY22. This reduction can be attributed to efficient cost management and operational optimization strategies implemented by the company.

Startup India Scheme Indian Startups List Biz Bracket

Recently, RailYatri raised $3.44 million through a combination of equity and debt financing led by Mirabilis Investment Trust. This funding round, which also saw participation from Omidyar Network, Blacksoil, and the NRJN Family Trust, will enable RailYatri to further expand its services in the travel and transportation sector.

RailYatri’s impressive financial performance in FY23 reflects its commitment to innovation and customer satisfaction, positioning it as a key player in the Indian travel services industry.

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