PE Fund Investments
Travel tech co. Itilite raises $29-M led by Tiger Global, Dharana Capital
Bengaluru-based corporate travel SaaS provider Itilite has raised USD 29 million in Series C funding led by Tiger Global and Dharana Capital. Existing investors Matrix Partners India and Tenacity Ventures also participated in the round. Itilite will use the capital to invest more in product innovations, brand building, and scaling up its go-to-market teams. Itilite empowers 500,000+ users globally across 300+ businesses to optimise travel costs and radically improve user experience.
From the Venture Intelligence PE-VC Deal Database: Between Mar-17 and Apr-20, Itilite had raised over USD 17 M from Matrix Partners India, Vy Capital, Greenoaks Capital, Ashish Gupta and Others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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