Innoviti Technologies Raises Series E Funding

by Kay Aloha Villamor in April 2nd, 2024

Innoviti Technologies, a Bengaluru, India-based payments-centric retail SaaS platform for enterprise brands and their SME channel partners, has secured the first close of its ongoing Series E round, raising Rs. 40 Cr. 


The round was led by Bessemer Venture Partners and Patni Family Office, with participation from early angels and founders. 

Bessemer Venture Partners assists entrepreneurs in establishing strong foundations to build and nurture enduring companies. With a track record of over 145 IPOs and 300 portfolio companies across the enterprise, consumer, and healthcare sectors, they provide support to founders and CEOs at every stage of growth. The firm operates with teams of investors and partners situated in Tel Aviv, Silicon Valley, San Francisco, New York, London, Hong Kong, Boston, and Bangalore. 

Patni Family Office, also known as Patni Financial Advisors, is a sector-agnostic early-stage investment vehicle that offers capital and strategic support. The Patni Family Office invests across various asset classes such as equity, debt, real estate, commodities, joint ventures, and other financial structures. 

Innoviti Technologies Use of Funds 

The funds from this round will primarily be allocated to fuel mid-market expansion and pave the way for future initiatives, including IPO planning. 

About Innoviti Technologies 

Innoviti provides payments-centric retail SaaS tools to enterprise brands and their channel partners. The company specializes in delivering software tools through payment channels, enabling businesses to accept payments reliably and securely. Innoviti's solutions also aid in accelerating growth for its clients by unlocking competitive advantages hidden within traditional payment systems. Marquee clients of Innoviti include Reliance, Tanishq, and Shoppers Stop. Innoviti's tools operate across online and offline payment channels, processing over Rs. 72,000 Cr. annually from more than 2000 cities and over 20,000 merchants. The company handles over 50% of all purchases made in enterprise retailers in the food & grocery, lifestyle, and healthcare categories. c

Funding Details                      

Company: Innoviti Technologies Pvt. Ltd.  

Raised: RS 40 Cr                                  

Round: Series E    

Funding Month: March 2024                                               

Lead Investors: Bessemer Venture Partners and Patni Family Office

Additional Investors:   

Company Website:   

Software Category: Payment Solutions   


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