With 180k+ App Downloads, Train Ticket Discovery & Prediction Platform ConfirmTkt Receives Angel Funding




With 180k+ App Downloads, Train Ticket Discovery & Prediction Platform ConfirmTkt Receives Angel Funding

The Indian Railways were earlier described as “imperium in imperio”, an empire inside an empire. With 19,000 trains working daily, 12,000 trains are run to carry over 23Mn passengers according to day. In this country of 1.2Bn people, the setup itself offers upward push to a whole new marketplace of railway bookings.

Indian Railways being the maximum desired mode of transportation, the marketplace is bound to attract many players. One such player is, Bangalore-primarily based ConfirmtTkt – a startup targeted on easing rail bookings in India, today has 15,000 each day users and has secured an Angel round investment from more than one investors which include Pravin Agarwala, an IT enterprise veteran.

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Confirmtkt brings ease inside the rail booknig technique via  stand-out features:

Predict Train Confirmation Chances

Break Journey Suggestion  (For ex- Travel Station A to B by booking Seat 1 and Station B-C by reserving Seat eleven, of the same teach )

It became founded by means of Sripad Vaidya and Dinesh Kumar Kotha in 2014, to reply the invigorating question – to ebook or now not to e-book?

Related: ConfirmTkt Analyzes Past Ticketing Trends And Predicts One’s Ticket Confirmation Chances

Co-founder ConfirmTkt, Sripad Vaidya says, “We want ConfirmTkt  to develop as a ticket discovery device which can show all of the viable approaches to get a showed price tag regardless of what.”

ConfrimTkt is available as a cell app on both Android and Windows  platform. However,  iOS app could be releasing soon this month.

The Idea

ConfirmTkt’s algorithm is based totally on past ticketing developments, just like how human beings expect future on the basis of beyond reports and history.

“The ConfirmTKT algorithm analyses the past ticketing tendencies and predicts one’s ticket confirmation probabilities. It keeps confirmation thresholds for every educate and predicts the price tag confirmation chances primarily based on them. It is designed in any such manner that it learns at the same time as predicting. So, the more it predicts the extra correct and efficient it becomes”, said Sripad.

The organisation does no longer have a sales version as of now, but will be created with the inclusion of reserving choice on the internet site.

Quick Facts

Present Traction: 15k each day users – 80% through App

App Downloads: 180K on Android & 15k on Windows

Product Categories:

Predict your ticket affirmation probabilities when you have a waitlist price tag.

PNR reputation test.

Subscribe for the PNR confirmation notifications.

Search trains between a preferred supply and destination pair.

Compare all of the ticket confirmation probabilities for the trains on a unmarried display and decide at the tour options.

Ratio of Old v/s New Customers: 95% visitors on App is habitual and on internet site, it’s 50%

Team Size: 8

Challenges

The number one undertaking is in technology. Co-founder ConfirmTkt, Dinesh says, “We want to usher in greater product classes like – break adventure thru  more than one trains and different transportation modes like Buses and Cabs,for  incorporating most of these features, we need to analyse all viable methods and give the information in fraction of seconds. This method must be very speedy. We are running on it.”

With the newly obtained budget, corporation plans on enhancing their generation and hiring new skills.

Competition

Other than ConfirmTkt, different organizations concentrated on this marketplace are- ixigo and Trainman. Both of those portals offer the option of predicting chances of price ticket affirmation and as a result are in direct opposition to ConfirmTkt.

Gurgaon based  ixigo is a tour aggregator presenting product categories within the area of Train, Bus, flight and  hotel bookings.

Whereas, Trainman is the nearest to confirmtkt, with  a devoted focus on train related intelligence. Trainman tells users whether or not to ebook a waiting price tag or no longer, through supplying you with probabilities of confirmation in that train, at the side of an choice to compare ready tickets of diverse trains and are expecting confirmation possibilities of an already booked price ticket.

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Talking about the opposition, Dinesh stated, “we've got an easy to apply interface and an accuracy charge of 88% in our predictions.”

Another participant, RailYatri had raised an undisclosed amount of investment in pre-series A round led by means of Helion Venture Partners in conjunction with Omidyar Network in June 2015. It goals the identical patron base however with a exclusive set of product classes like educate fame, reservation fame, seat availability, services, disruptions and so on,

Also, there are numerous different sites coping with Indian Railways, inclusive of Erail, India Rail Info, 90di IRFCA, Seat sixty one and railways sub-discussion board on Indiamike. These portals serve as pretty useful advent to the Indian Railways. Then, there exists blogs like – TrainStuffs.In and Indian Raiway Secrets, seeking to solution every rail travel questions in detail.

Tony Judt in his essay – “the honour of the rails wrote, “No competing form of delivery, no next technological innovation, no different enterprise has wrought or facilitated alternate on the scale that has been introduced approximately through the invention and adoption of the railway.”

The overall approximate revenue profits from passengers during April 1, 2014 – January 31, 2015 was $ five.Fifty nine Bn as compared to $ four.86 Bn at some point of the same length final yr, registering an growth of 14.Ninety three percent (consistent with ibef.Org). With this increase of sales from passengers, the railways are apparently facilitating the upward thrust of a new breed of groups in India, totally breeding at the huge variety of railway passengers.



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