Innoviti Closes Rs. 70 Cr Series E Funding Round
Innoviti, an India-based payments-centric retail SaaS platform, has closed Rs. 70 Cr in Series E funding round, comprising a mix of equity and debt.
The round was led by Random Walk Solutions, with participation from existing investors Bessemer Venture Partners USA, Patni Family Office India, and Alumni Ventures USA.
The company will use the funding to support its next phase of growth.
Founded in 2002 by Rajeev Agrawal, Ph.D., and Amrita Malik, Innoviti provides solutions that integrate retail and payment systems, offering unique tools for sales, payments, and operations. Innoviti serves major enterprise brands like Reliance, Tanishq, and Shoppers Stop. Its offerings include Enterprise POS solutions, electronics EMI options, and online payment solutions, all aimed at driving efficiency and growth for its clients. Innoviti's tools operate across online and offline payment channels.
Funding Details
Company: Innoviti Technologies Pvt. Ltd.
Raised: Rs. 70 Cr
Round: Series E
Funding Date: August 2024
Lead Investors: Random Walk Solutions
Additional Investors: Bessemer Venture Partners USA, Patni Family Office India, Alumni Ventures USA
Company Website: https://innoviti.com/
Software Category: Payment Solutions