SaaS startup ITILITE raised $29 million in Series C led by Tiger Global and Dharana Capital along with participation from existing investors Matrix Partners India & Tenacity Ventures, will use funds to accelerate ITILITE’s go-to-market journey and deepen its relationships.
ITILITE offers travel and expense management solutions to other companies, claims to offer 8X ROI to its customers including Automation Anywhere, Praj HiPurity, Page Industries, Byjus, Swiggy, and Zetwerk, seen a 5X growth since its Series B round in 2020. Currently, it has more than 500K users from over 300 companies in India and the US.
On April 13, 2020, ITILITE raised $13 Mn in a Series B funding round led by Vy Capital and Greenoaks Capital. Existing investor Matrix Partners and Helion Ventures cofounder Ashish Gupta also invested in the round with the participation of VY Capital.
Previously, in January 2019, the SaaS startup raised $4.2 Mn in a Series A funding round led by Matrix Partners and others. Existing investor, Ashish Gupta, founder of Helion VC, also participated in the round.
In 2017, it received an undisclosed amount of investment in a seed funding round from Matrix Partners and some angel investors.