ITILITE, a Bengaluru, India-based software-as-a-service (SaaS) travel and expense management platform, raised $29 million in Series C funding.
The round was led by Tiger Global and Dharana Capital, with participation from existing investors Matrix Partners India and Tenacity Ventures.
ITILITE will use the capital to invest more in product innovations, brand building, and scaling up its go-to-market teams.
Company: ITILITE Technologies Private Limited
Round: Series C
Funding Month: April 2022
Lead Investors: Tiger Global and Dharana Capital
Additional Investors: Matrix Partners India and Tenacity Ventures
Company Website: https://www.itilite.com/
Software Category: Travel and Expense Management Platform
About the Company: Founded in 2017 by IIT-Delhi and IIM-Ahmedabad alumnus Mayank Kukreja, and IIT-Kharagpur and IIM-Lucknow graduate Anish Khadiya. ITILITE is the world’s only truly integrated travel and expense management platform empowering travel and related expenses for hundreds of enterprises and leading startups globally. ITILITE helps businesses to automate their travel and expense processes, increasing efficiency and reducing costs. ITILITE empowers 500,000+ users globally across 300+ businesses ranging from Fortune 500 blue-chips to technology-forward startups, offering a seamless T&E experience. Recognized by G2, Wharton India Economic Forum, and SuperStartups Asia as the leading T & E platform, ITILITE delivers over 30% cost savings, 40% improvement in finance productivity, and 60% higher employee delight to businesses. ITILITE’s mission is to simplify travel & expenses for organizations across the globe so they can move people and businesses forward easily while leaving all operational concerns behind.