Innoviti, an India-based payments-centric retail SaaS platform, has closed Rs. 70 Cr in Series E funding round, comprising a mix of equity and debt. 

Investors 

The round was led by Random Walk Solutions, with participation from existing investors Bessemer Venture Partners USA, Patni Family Office India, and Alumni Ventures USA.  

Innoviti Use of Funds

The company will use the funding to support its next phase of growth.

About Innoviti Technologies 

Founded in 2002 by Rajeev Agrawal, Ph.D., and Amrita Malik, Innoviti provides solutions that integrate retail and payment systems, offering unique tools for sales, payments, and operations. Innoviti serves major enterprise brands like Reliance, Tanishq, and Shoppers Stop. Its offerings include Enterprise POS solutions, electronics EMI options, and online payment solutions, all aimed at driving efficiency and growth for its clients. Innoviti's tools operate across online and offline payment channels.  

Funding Details 

Company: Innoviti Technologies Pvt. Ltd. 

Raised: Rs. 70 Cr 

Round: Series E 

Funding Date: August 2024 

Lead Investors: Random Walk Solutions 

Additional Investors: Bessemer Venture Partners USA, Patni Family Office India, Alumni Ventures USA 

Company Website: https://innoviti.com/ 

Software Category: Payment Solutions 

Source: https://www.prnewswire.com/in/news-releases/innoviti-closes-series-e-fund-raise-302219747.html