RailYatri, the train ticketing platform, has shown robust financial performance in recent years. The company’s revenue has nearly doubled, approaching the Rs 300 crore mark, while also managing to reduce losses in FY23.
According to RailYatri’s consolidated financial statements filed with the Registrar of Companies, revenue from operations surged 2.3 times to Rs 273.73 crore during the fiscal year ending March 2023, compared to Rs 117.21 crore in FY22.
Established in 2014, RailYatri provides train ticket information and intercity bus services through IntrCity SmartBus on various routes like Delhi–Lucknow, Delhi–Kanpur, Mumbai–Pune, Bengaluru–Hyderabad, and Chennai–Coimbatore. The company introduced a ‘flexi-ticket’ feature allowing users to make last-minute changes to their plans when train reservations are unavailable.
Co-founded by Kapil Raizada, Manish Rathi, and Sachin Saxena, RailYatri generated 93% of its revenue from roadway operations, with the remainder from commissioning, advertising, and publicity. Additionally, it earned around Rs 6 crore from interest and financial asset gains, totaling its revenue to Rs 279.75 crore by FY23.
Employee benefits accounted for 11% of expenses, rising by 26.7% to Rs 32.9 crore in FY23, inclusive of expenses related to employee stock options and purchase plans. Advertisement and promotional costs decreased by 21.8% to Rs 6.4 crore, while IT expenses increased to Rs 1.82 crore in FY23.
RailYatri incurred Rs 242 crore under miscellaneous expenses in FY23, covering outsourced support, cashback, discounts, and other operational and administrative costs. Overall, expenditure surged by 83.4% to Rs 298 crore in FY23 from Rs 162.5 crore in FY22.
As per TheKredible, a startup intelligence platform, RailYatri has raised over $50 million to date, with a recent funding round of $3.44 million led by Mirabilis Investment Trust, comprising equity and debt funding.
