Itilite Technologies, a Bengaluru-based digital travel management startup that offers SaaS-based integrated travel desk solution for corporates, announced that it has raised $13 million Series B funding led by Greenoaks Capital and Vy Capital. Existing investors Matrix Partners India and others participated in the funding round.
The company will utilise the current funding to fuel international expansion and product innovation. Last year in January, the company raised $4.2 million in its Series A funding round.
“Around the world, digital transformation of business travel is well underway, and we are well positioned to help them to modernize their processes using technology,” said Mayank Kukreja, Chief Executive Officer at Itilite Technologies.
The company claims that its convenient, unified booking system lets organizations plan & book their trips within 90 seconds through personalized recommendations and incentives to make smarter choices.
According to Gourav Bhattacharya, Director at Matrix India, optimizing travel for cost and experience is a priority for every business on the planet. “The growth Itilite has achieved by delivering this in such a short time is impressive,” he said.
The company was founded in 2017 by IIT-Delhi and IIM-Ahmedabad alumnus Mayank Kukreja, and IIT-Kharagpur and IIM-Lucknow graduate Anish Khadiya.
The startup claims to have over 200 mid and large enterprise customers across India, the US and Southeast Asia. Its clientele includes Jockey, RPG Group, Toshiba JSW, Ola, Swiggy and Capillary Technologies, among others.
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