Showing posts with label cabs booking site. Show all posts
Showing posts with label cabs booking site. Show all posts

Sunday, 5 July 2015

YatraGenie.com to raise $25 mn for expansion

The company had earlier raised $5 mn in a Series-A round of funding

K Rajani Kanth  |  Hyderabad 

 
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. 
 
 
 
https://yatragenie.com/
 

According to Komitla, YatraGenie.com is currently being offered in Telugu, Kannada, Hindi and English, and Paxterra is gearing up to add Marathi, Tamil and Malayalam languages in the next six months, besides launching a mobile app on the Android platform by the end of this month. 

“We recently added cab booking services, and are poised to expand our services into hotels and logistics management within a fortnight, and airline ticket booking in three months from now,” he said. 

Stating that YatraGenie.com, with a current revenue run rate of Rs 60 crore, is expecting to clock revenues of Rs 150 crore in the financial year 2015-16, Komitla said the company was expecting to operationally break even by March 2017, and become profitable in the following year.

Wednesday, 8 April 2015

12 Realistic Reasons Why Travel Is Important ?

Yatragenie

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1. Provides learning and education about places and history.
2. Connects us to other cultures and people.
3. Slows us down: Gives us a break from our fast-paced lives.
4. Expands our awareness and introduces us to greater diversity.
5. Helps us break habits: mentally, physically, and emotionally.
6. Gives us time to heal, reduces stress and helps us regain enthusiasm for life.
7. Stokes curiosity and awakens our inner child by offering us new, “first-time” experiences.
8. Promotes patience by releasing heavy expectations of the “one right way” mentality thereby allowing life to flow more organically.
9. Invites the opportunity to get lost and face one’s fears of the unknown.
10.Helps you get to know yourself better: the true you is rediscovered.
11. The food. It isn’t main reason to travel, but it is a big part of it.
12. You will have some great stories. People who travel are more cool . If you travel you’ll get a lot of great stories out of it.
Yours,
Yatragenie