Railofy, India’s first-ever WL & RAC protection, has announced that it has raised INR 70 Million in seed round from Chiratae Ventures to solve the Waitlist problem in India that affects 300M+ railway passenger trips annually. With WL & RAC protection, railway passengers get flight close to train prices to their destination if their train ticket is not confirmed after chart preparation. For shorter distances, Railofy provides buses at nominal prices if train ticket is not confirmed after chart preparation. This ensures that passengers reach their destination conveniently, in time and at the lowest possible price, ultimately introducing predictability into the overall travel experience. Railofy started trials in January 2020 on select trains originating from Mumbai. In just 1...
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