Bangalore-based train ticket discovery platform, ConfirmTKT, has raised $250K in seed round of funding from investment platform Venture Catalysts.
VCats angels including Dr. Apoorv Ranjan Sharma, Anirudh Damani, Anand Ladsariya, Sanjay Mehta and Krishna Jhujhunwala led the round, while other investors, such as Urrshila Kerkar also participated in this round.
As part of the deal, Anirudh Damani will be joining the Board.
ConfirmTkt will use the raised capital for product development and team expansion.
Founded in 2014 by Sripad Vaidya and Dinesh Kumar Kotha, ConfirmTKT, is a platform that aims to make the travel ticket discovery and booking process easier. The company is working towards building a ticket discovery engine which suggests the best personalised train travel options for every user.
Since its inception, the startup has about 500K mobile app installs across platforms and a daily active usage of 35K unique users.
Dinesh Kumar Kotha, co-founder of Confirmtkt.com said, “Our major focus right now would be on building a solid tech platform which works like a magic to address the inefficiencies with the trip planning and booking. From the past 1.5 years we have incorporated a lot of data which will help us discover many hidden travel itineraries and suggest the best options to the users .“
In July, 2015, ConfirmtTkt secured its an undisclosed amount in angel round funding from multiple investors including Pravin Agarwala, an IT industry veteran.
Other players in this space include, MakeMyTrip, Goibibo and Yatra.
Welcome to Flash Feed, your essential source for breaking news and innovation from around the web – bite-sized and updated all day.