Travel start-up Railofy raises Rs 4 cr from Roots Ventures, others

Railofy, a Travel startup, has raised Rs 4 cr in a seed funding round from venture capitalist firms Roots Ventures, Astarc Ventures, Better Capitals etc. Railofy gives wait-listed train passengers an option to reserve a bus or flight ticket. If the ticket is not confirmed, the passenger can travel by paying the price at which he had locked the ticket earlier. Fresh funds will be used to scale up business and onboard new all train across all classes of over 2,000 passenger trains by 2021.

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