Bengaluru-based B2B SaaS travel startup ITILITE has raised $4.2 Mn in a Series A round of funding led by Matrix Partners and others. Existing investor, Ashish Gupta, founder of Helion VC, also participated in the round.
Bengaluru, 17 Jan, 2019. RedNewswire/-
ITILITE (Itilite Technologies Private Limited) was founded by Mayank Kukreja and Anish Khadiya, helps reduce the travel expenses of corporates by offering employees rewards for choosing budget-friendly travel options rather than maxing out their travel budget.
The funding round for the travel tech startup comes after 14 months of raising undisclosed seed fund led by Matrix. The latest funding will be used for growing its engineering team and to ramp up the sales and marketing.
“We’re building a smarter corporate travel solution that replaces a travel agent and doesn’t just give employees a list of numerous options. On average, we’ve seen that our clients have been able to save 25% on their travel costs with us,” said Kukreja.
“Through its intelligent platform, ITILITE learns employee preferences and surfaces personalised recommendations. This is like having a smart travel assistant capable of instant response,” added Anish. “Our platform addresses unique use cases for a range of our customers, which include large enterprises with thousands of employees to high-growth startups.”