Trainman secures $1 million funding in seed round from BharatPe exec and others
- ByStartupStory | July 21, 2022
Trainman, supported by Stark Enterprises Pvt Ltd, has raised an unknown sum from Vijay Aggarwal, Chief Technology Officer of BharatPe, Nitin Gupta, Chief Executive Officer of Mall 91, and Vishal Kanodia, Director of Kanodia Cement Ltd, among others, according to a statement.
According to the announcement, the company would use the cash to supplement its investment in technology and product portfolios, as well as to enter verticals such as predictive analytics and data analytics. The company also stated that it is seeking new investors to increase its investment in products and technologies. According to the statement, Trainman has over Rs 100 crore in yearly ticket bookings and over 1.5 crore monthly visits.
Karan Kumar, Trainman’s co-founder stated, “We have a complex plan to boost our investment in technology and goods while also tapping into growing verticals such as predictive analytics and data analytics.” Trainman is also thinking about increasing its reach into tier 3 and tier 4 markets, where the genuine Bharat audience resides. Trainman’s income has increased by 50% month on month, putting it in competition with established industry players.”
About Trainman:
Vineet Chirania and Karan Kumar, both IIT Roorkee grads, established Trainman in 2016. The company claims to be IRCTC’s official train-booking partner, and it provides services such as online train ticket booking, seat availability, PNR status, and running live status, among others.
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