Itilite Raises 29 Million USD to Streamline Enterprise Expense Management Operations

Itilite Raises 29 Million USD to Streamline Enterprise Expense Management Operations

Itilite, a Bengaluru, India-based provider of T&E software, announced the closing of a 29 million USD Series C investment headed by Tiger Global and existing investor Dharana Capital, with participation from Matrix Partners and Tenacity Ventures. 

The revenues, according to CEO Mayank Kukreja, would be used to “aggressively grow in North America through product innovation, sales and marketing, and relationship development.” 

The product’s purpose, according to Itlite, is to deliver a balance of consumer-grade experience with enterprise-grade control.

Read More: https://techcrunch.com/2022/04/14/itlite-secures-29m-to-automate-corporate-expensing-workflows/

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