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New Deal


Announced

Completed

Tiger Global and Dharana Capital led a $29m Series C round in ITILITE.

Financials

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Transaction Value£22m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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software development

Completed

Acquisition

Single Bidder

Software

India

Venture Capital

software-as-a-service

Cross Border

Minority

Private Equity

Private

Friendly

Synopsis

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Tiger Global and Dharana Capital led a $29m Series C round in ITILITE, India's fastest growing SaaS-based travel and expense management platform, with participation from Matrix Partners India and Tenacity Ventures. "People are back to offices and business travel is back in the conversation. Business travel bookings are surging and we are witnessing thousands of trips happening on our platform all over again, and this is just a new beginning. This round is a reaffirmation of the impact we create for our customers. We are excited to have Tiger Global on our side and will aggressively double down on our momentum in the India and US markets," Mayank Kukreja, ITILITE Founder and CEO.

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