# ITILITE Technologies Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/itilite-technologies-private

- Industry: Software
- Headquarters: Bangalore, India
- Website: www.itilite.com
- Total disclosed funding: $43M
- Latest round: Series C (Apr 20, 2022)
- Investors on record: 7

## About

ITILITE Technologies is a corporate travel management software provider, dedicated to optimizing travel experiences and expenses for businesses through an integrated platform that enhances compliance and efficiency.Founded in 2017, ITILITE Technologies specializes in corporate travel management software that streamlines travel booking, expense management, and compliance. The company is headquartered in Bangalore, India. The founders include Anish Khadiya, Anshul Gadgil, Eshan Vijayant, Hitesh Awtaney, Mayank Kukreja, and Nikhil Kulkarni, with Mayank Kukreja serving as CEO. In April 2022, ITILITE raised INR 1949.38 million during its Series C funding round, bringing its total amount raised to INR 1949.38 million. Notable investors in this round included Tiger Global Management, Dharana Capital, Tenacity Ventures, and returning investor Matrix Partners India.ITILITE offers a comprehensive corporate travel management software solution designed to streamline and enhance the travel experience for companies and their employees. The core product integrates travel booking, expense filing, spend monitoring, and reimbursement processes within a single, user-friendly platform. By leveraging modern technology, ITILITE aims to reduce travel expenditures by up to 30% while ensuring 100% compliance with internal policies through real-time expense audits and approval workflows. The software is tailored for businesses across various industries, serving a diverse client base that includes small to large enterprises in markets such as North America, Europe, and Asia. ITILITE also provides 24/7 support for travelers, ensuring that users are never stranded during their trips, thereby enhancing the overall employee travel experience.In the most recent year of 2023, ITILITE reported a revenue of INR 1,420,887.60. The company's EBITDA for the same year was INR -8,557,110.70. ITILITE generates revenue primarily through its subscription-based business model, where companies pay for access to its travel management software. The pricing structure aligns with the needs of businesses, offering flexibility based on the number of users or features utilized.In April 2022, ITILITE Technologies Private Limited successfully raised INR 1949.38 million in Series C funding to bolster its growth initiatives. The company plans to expand its product suite with new features aimed at improving user experience and travel compliance, with several updates slated for release in 2023. ITILITE also has ambitions to expand its services into new geographic markets, particularly focusing on the Asia-Pacific region within the next 12 months. The recent funding will be allocated towards these product development efforts and market expansion strategies.

## Funding rounds

- Series C, Apr 20, 2022, $25M — Tiger Global Management, Z47, Dharana Capital, Tenacity Ventures
- Series B, Apr 17, 2020, $13M — Greenoaks Capital, Vy Capital, Z47
- Series A, Oct 26, 2018, $4.1M — Z47, V1 Capital
- Seed, Mar 31, 2017, $0.6M — Z47, V1 Capital

## Investors

- Z47 (https://capitalatlas.ai/funds/z47) — Seed, Series A, Series B, Series C
- V1 Capital — Seed, Series A
- Greenoaks Capital (https://capitalatlas.ai/funds/greenoaks-capital) — Series B
- Vy Capital (https://capitalatlas.ai/funds/vy-capital) — Series B
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series C
- Dharana Capital (https://capitalatlas.ai/funds/dharana-capital) — Series C
- Tenacity Ventures (https://capitalatlas.ai/funds/tenacity-ventures) — Series C