Itilite develops T&E software that automates corporate expensing and travel management and integrates with existing enterprise systems. Its platform uses AI and machine learning to provide personalized booking options, auto-create expense reports, nudge employees, and offer small rewards to encourage cost-conscious choices. The product also includes AI-driven fraud prevention tools to spot submission errors. The company says it serves over 300 customers, from Fortune 500 firms to startups across the U.S. and India; trip bookings increased 200% versus pre-pandemic levels and customer acquisition rate tripled. It declined to share revenue figures but plans to double its roughly 300-person headcount this year. Management intends to use new proceeds to aggressively expand in North America via product innovation, sales and marketing, and partnership development. ITILITE is a Bengaluru-based SaaS business travel management platform that uses AI to help companies reduce travel costs and incentivize employees to save on travel expenses. The platform includes a 90-second booking facility and claims to deliver up to 30% savings through controls and employee incentives. ITILITE works with over 200 mid and large enterprise customers across India, the US and Southeast Asia and its platform has over 150,000 users. Founded in 2017 by Mayank Kukreja and Anish Khadiya, the company has attracted investors including Matrix Partners India, Greenoaks Capital, Vy Capital and several angel backers. The startup plans to use the fresh capital to expand internationally and drive product innovation, including features to identify WHO-compliant “COVID Safe” hotels. ITILITE experienced a temporary dip in revenue due to the Covid-19 pandemic but reported increased interest from companies seeking improved business travel management. With the latest round, the company has raised about $18 million in total to date, according to VCCEdge. ITILITE is an end-to-end corporate travel management SaaS platform that combines technology and 24/7 support to digitize bookings for flights, hotels, buses and related services. Its product emphasizes a consumer-grade booking experience, dynamic travel policy integrations and live insights for financial controllers. The platform uses AI-powered algorithms to predict trip costs and an incentive program that lets employees keep half the savings they generate, aimed at balancing company savings with traveler experience. ITILITE advertises a 90-second booking process, roughly 30% cost savings for customers, and reports 30% month-on-month growth over the prior 12 months. The company highlights strong applicability across large enterprises and high-growth startups. It plans to use new capital to expand its engineering team for new capabilities and to accelerate sales and marketing. Itilite provides an end-to-end corporate travel management solution delivered as cloud SaaS, combining booking, policy enforcement, and analytics. The platform uses self-learning/AI algorithms and dynamic travel policy integration to personalize options and enable bookings in under 60 seconds. Itilite offers analytics dashboards for CFOs and claims customers reduce travel costs by up to 30% while improving traveler satisfaction. Its USP is an incentive program that lets employees keep half the savings they generate by choosing cost-conscious options. Founders Mayank Kukreja and Anish Khadiya previously worked at McKinsey and Myntra; the company intends to use funds to strengthen its technology platform and expand the team. It targets the largely fragmented US$30B Indian corporate travel market, aiming to replace offline travel management companies.

Total raised

$46M

Funding rounds

4

Latest round

Series C

Latest activity

Apr 2022