IntrCity by RailYatri secures over Rs 100 crore in funding led by Nandan Nilekani and Samsung to enhance its inter-city mobility solutions in India.

Target Company Overview

IntrCity by RailYatri is a prominent mobility startup operating in India that specializes in inter-city transportation solutions. With a successful funding round recently raising over Rs 100 crore, the company has attracted investment from notable figures, including Nandan Nilekani, co-founder of Infosys, and Samsung's investment arm. IntrCity has effectively utilized this funding to expand its operations and enhance its technology platform, aiming to increase its fleet significantly from 84 to 300 smart buses in the near future.

Currently, IntrCity operates 84 SmartBuses across 18 hubs, covering 65 destinations and serving nearly 400,000 travelers each month. The startup has witnessed remarkable growth, with a 500% increase in its operations over the past 18 months, and anticipates a revenue growth of 300% over the next three years due to its innovative approach to addressing urban mobility challenges in congested cities.

Industry Overview in India

The inter-city mobility industry in India has been undergoing a transformative phase, driven by increasing urbanization and a growing middle class that seeks efficient travel solutions. As cities become more crowded, the demand for smart and relia