Bengaluru-based B2B SaaS travel startup ITILITE has raised INR 100 Cr in its Series B funding round led by Greenoaks Capital. Existing investor Matrix Partners and Helion Ventures co-founder Ashish Gupta also invested in the round with the participation of VY Capital.
According to the ministry of corporate affairs (MCA) filings accessed by Inc42, ITILITE has raised INR 42 Cr from Greenoaks capital while Matrix Partners invested INR 19.5 Cr. ITILITE raised INR 37.3 Cr and INR 38 Lakh from VY Capital and Gupta respectively.
In response to Inc42‘s queries, an ITILITE spokesperson said that COVID-19 situation has temporarily impacted its business and revenue. Although the revenue has dipped temporarily, the company said it is still receiving interest from businesses across markets.
Founded in 2017 by Anish Khadiya and Mayank Kukreja, ITILITE offers travel desk solutions for corporates and helps them reduce their travel cost and improve booking experience, through a unique model of incentivizing employees to save on their travel expense.
The startup covers bookings for flights, hotels, buses and other associated travel services. ITILITE’s USP is the incentive program through which employees of its clients are rewarded for the savings they make for their company during travel.
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