PE Fund Investments
Fintech firm Innoviti raises Rs.80-Cr from Trifecta Debt Fund, others
Bengaluru-based payments solutions provider Innoviti Payment Solutions has raised INR 80 crore in the first close of a series-D funding round led by Trifecta Debt Fund. The round, a mix of debt and equity, also saw participation from existing investors Bessemer Ventures and Patni Advisors as well as angel investors including Sanjoy Bhattacharya and Bharat Jaisinghani. The new funds will be used for working capital needs, marketing, to strengthen technology platforms and acquisitions in the area of data sciences and marketing technologies. The subsequent series-D rounds will conclude with INR 400 crore of new funds in debt and equity. Innoviti enables businesses to collaborate on payment transactions and turn them into purchase tools thus urging a consumer to buy more by increasing their purchasing power as merchants, banks and brands come together on this platform.
From the Venture Intelligence PE-VC Deal Database: Between Jun-15 and Mar-21, Innoviti raised $33.3 M from Trifecta Capital, Bessemer, FMO, SBI FMO, Catamaran Ventures, and others.
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