Friday, November 15, 2024
spot_img

Explore RailYatri Growth: FY23 Revenue Soars, Losses Cut Down

Share post:

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.

Join our new WhatsApp Channel for the latest startup updates.

Related articles

List of Faridabad Events for November 2024: New Calendar

Faridabad promises a mix of cultural celebrations, musical performances, and unique festivals in November 2024. The city and...

Physis Capital Raises Rs 150 Crore for Venture Fund

Physis Capital, a prominent venture capital firm, has secured Rs 150 crore in commitments for its Rs 400...

New List of Noida Events in November 2024: Calendar

Noida and Greater Noida are set to host an array of events spanning from cultural festivals and food...

List of Gurugram Events for November 2024, Check it Now

Gurugram is all set to host a diverse lineup of events in November 2024. From music festivals and...

Ready to Revolutionize Your Business?

Request a quote or schedule a call today!