What is itilite?
Founded in 2017 and headquartered in Claymont, Delaware, Itilite Technologies Private Limited provides a comprehensive software platform for managing business travel. The company's integrated approach combines travel, expense, and rewards management, aiming to deliver convenience, efficiency, and innovation to corporate travel operations. This focus positions Itilite as a key player in streamlining the complexities of business travel for its clients.
How much funding has itilite raised?
itilite has raised a total of $46.2M across 3 funding rounds:
Series A
$4.2M
Series B
$13M
Series C
$29M
Series A (2019): $4.2M with participation from Helion Venture Partners and Matrix Partners India Advisors
Series B (2020): $13M led by Matrix Partners, GREENOAKS, VY Capital, and Ashish Gupta
Series C (2022): $29M supported by Tiger Global Management, Dharana Capital, Tenacity Ventures, and Matrix Partners
Key Investors in itilite
Helion Venture Partners
Helion Venture Partners is an India-focused venture fund that invests in technology-powered businesses and companies catering to the Indian consumer services space, including internet, mobile, and healthcare.
Tiger Global Management
Tiger Global Management is an investment firm that deploys capital across both public and private markets, with a broad investment mandate.
Matrix Partners
Matrix Partners is an award-winning firm specializing in pet product strategy, advertising, and public relations, with extensive experience in consumer and pet product marketing.
What's next for itilite?
The substantial enterprise-level funding, particularly the recent strategic investment, signals a strong growth phase for Itilite. This capital infusion is likely to fuel further platform development, expansion into new markets, and enhancement of its integrated travel, expense, and rewards management capabilities. The company's trajectory suggests a strategic move towards solidifying its position as a leader in the corporate travel technology space, potentially through scaling operations and deepening its technological offerings.
See full itilite company page
