Noida-based RailYatri's FY23 revenue nears Rs 300 crore; Losses reduced by 59%

RailYatri, a Noida-based train ticketing platform run by Stelling Technologies Pvt. Ltd., has reported a remarkable 2.3X growth in its revenue from operations, reaching Rs 273.73 crore in FY23, up from Rs 117.21 crore in the previous fiscal year. 

Diversified services and revenue streams

Founded in 2014, RailYatri has expanded its offerings beyond train ticket information to include the IntrCity SmartBus service, covering major routes across India.

Additionally, the introduction of a 'flexi-ticket' feature caters to last-minute changes in travel plans, enhancing customer flexibility. Notably, 93% of the company's revenue stems from its roadway operations, with the remainder attributed to commissioning, advertising, and publicity efforts.

It also benefited from financial gains, including interest, contributing to a total revenue of Rs 279.75 crore for FY23, Entrackr reported.

Is RailYatri profitable?

RailYatri reduced its losses by 58.5%, bringing them down to Rs 18.2 crore from Rs 43.87 crore in FY22. The reduction comes on the back of efficient cost management and operational optimization.

Recent funding round

RailYatri recently raised $3.44 million through a mix of equity and debt financing led by Mirabilis Investment Trust. The round, which also saw participation from Omidyar Network, Blacksoil, and the NRJN Family Trust, will help the company to further expand its services in the travel and transportation sector. 

Entrackr was the first to report on RailYatri's funding round.