YatraGenie.com, an online bus ticketing and cab booking platform run by Bengaluru-based Paxterra Software Solutions, is in the process of raising $25 million (approximately Rs 158 crore) in a Series-B round of funding to fuel its expansion plans, according to its president and chief executive officer Renil Komitla.
“We are in active negotiations with venture capital firms, eight of which are based out of Silicon Valley. We expect to seal a deal by August this year. We propose to use these funds to hire better talent, add new bouquet of services and expand our platform to multiple languages,” Komitla told Business Standard.
Founded in November 2013, online bus ticketing to start with, YatraGenie had earlier raised $5 million in a Series-A round of funding.
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