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Railofy raises Rs 7 crore from Chiratae Ventures

Mumbai: Railofy, a startup that provides travel protection to railway passengers against waitlist and reservation against cancellation, has raised Rs 7 crore in its seed funding round from Chiratae Ventures. It would utilize the capital to expand pan India using a technology-led business model.

Founded in 2019, Railofy offers flight tickets to railway passengers if their train ticket is not confirmed after the chart preparation, at a similar price.

For shorter distances, it provides buses at nominal prices if the train ticket is not confirmed. The protection is currently available on 153 train routes

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