Itilite Technologies Raises Funds from Matrix Partners

Itilite Technologies raises Rs 30 crore

ITILITE Technologies Pvt. Ltd., a Bangalore-based startup that provides a software as a service platform to companies for managing their travel requirement, has secured Rs 30 crore in a funding round of Series A from existing investors like Matrix partners India.

Some angel investors such as Ashish Gupta of Helion Ventures also participated in the round, the company revealed. Gupta has previously invested in companies like Flipkart, MuSigma, and MakeMyTrip.

According to the report, the company plans to grow its engineering team for the development of new capabilities, along with accelerating its sales and marketing efforts.

ITILITE was founded by Anish Khadiya and Mayank Kukreja in the year 2017. Talking about the latest funding round, Mayank Kukreja said, “With this funding round, we are committed to bringing our platform to more companies.”

The other co-founder, Khadija said that the ITILITE platform first learns about employee preferences and accordingly, makes personalized suggestions. “This is like having a smart travel assistant capable of instant response,” he added.

Picture Credits: Livemint