Saas Firm Itilite Raises $29 Million From Tiger Global And Others
04/13/22, 6:35 PM
Location
bengaluruMoney raised
$29 million
Bengaluru: Travel and expense (T&E) management software-as-a-service (Saas) platform Itilite has raised $29 million in a funding round led by New York-based Tiger Global and Dharana Capital, with participation from existing investors Matrix Partners India and Tenacity Ventures.
Company Info
Location
bengaluru, karnataka, india
Additional Info
With the new round, the company plans to continue to invest more in product innovations, brand building and scaling up its go-to-market teams. Presently the company serves firms like Byju’s, Swiggy, Zetwerk, Automation Anywhere, Praj HiPurity and Page Industries. The Bengaluru-based startup had raised $13 million in its previous funding round led by Greenoaks Capital and Vy Capital in 2020. Itilite presently has around 500,000 users from over 300 companies in India and the US, thanks to the acceleration in digitisation in the T&E space.