Announced
Completed
Financials
Sources
Tags
software development
Completed
Acquisition
Single Bidder
Software
India
Venture Capital
software-as-a-service
Cross Border
Minority
Private Equity
Private
Friendly
Synopsis
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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