 "YatraGenie raises funds in Series-A round")
YatraGenie.com, an online bus ticketing and cab booking platform run by Bengaluru-based Paxterra Software Solutions, has raised an undisclosed amount in a Series-A round of funding from Silicon Valley-based entrepreneur and investor Ash Bhardwaj.
The funds raised will be used towards expansion in Karnataka and to increase market base in Telangana and Andhra Pradesh.
As part of the fresh fund infusion, Bhardwaj would join YatraGenie as a board member.
Founded by Renil Komitla, YatraGenie launched its services in Bengaluru in March 2015.
YatraGenie is currently operational across 21 cities in Andhra Pradesh and 10 cities in Telangana. In the next 60 days, it will be expanding to 30 district headquarters in Karnataka. Through this expansion, YatraGenie will have presence in 62 cities across the country.
"The online taxi service market has seen robust growth over the last few years. In the coming years, there will be a significant increase in the demand for quality taxi services. YatraGenie, with its dynamic ideas and rapid expansion plans has become a key player in the taxi service industry. I am delighted to be a part of the YatraGenie team and I look forward to contributing to the growth of the company," Bhardwaj said in a statement on Saturday.
The funds raised will be used towards expansion in Karnataka and to increase market base in Telangana and Andhra Pradesh.
As part of the fresh fund infusion, Bhardwaj would join YatraGenie as a board member.
Founded by Renil Komitla, YatraGenie launched its services in Bengaluru in March 2015.
YatraGenie is currently operational across 21 cities in Andhra Pradesh and 10 cities in Telangana. In the next 60 days, it will be expanding to 30 district headquarters in Karnataka. Through this expansion, YatraGenie will have presence in 62 cities across the country.
"The online taxi service market has seen robust growth over the last few years. In the coming years, there will be a significant increase in the demand for quality taxi services. YatraGenie, with its dynamic ideas and rapid expansion plans has become a key player in the taxi service industry. I am delighted to be a part of the YatraGenie team and I look forward to contributing to the growth of the company," Bhardwaj said in a statement on Saturday.