Total amount raised
$110.2 Million
Latest funding date
03/01/2025
Location
Innoviti has successfully raised funds through 14 funding rounds, with the latest being a Venture - Series Unknown round. The company is backed by 21 investors, including recent investors Ashutosh Joshi and Bessemer Venture Partners.
Keep reading to explore the intricacies of Innoviti's fundraising journey and the investors backing this innovative platform.
What Is Innoviti?
Innoviti Technologies Pvt. Ltd., founded in 2002, is a prominent player in the FinTech industry, specializing in payment processing, credit distribution, and payment management software solutions. The company is headquartered in Bangalore, Karnataka, India, and employs between 501 and 1000 people.
Innoviti offers a range of products, including Innoviti Unipay, Genie, and Link, designed to streamline payment acceptance and enhance financial control for businesses. The company has established itself as a leader in the Financial Services, Payments, and Software sectors, providing secure and scalable solutions for modern Indian businesses.
How Much Funding Has Innoviti Raised?
- Series C
- Amount Raised: USD 5,630,000
- Date: March 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and expansion in the fintech sector.
- Series D
- Amount Raised: INR 800,000,000
- Date: January 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance payment processing capabilities and expand market reach.
- Series D
- Amount Raised: INR 750,000,000
- Date: May 2022
- Lead Investors: Alumni Ventures, FMO
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve technological infrastructure.
- Series D
- Amount Raised: USD 25,000,000
- Date: July 2022
- Lead Investors: Panthera Growth Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive growth and expand product offerings.
- Series E
- Amount Raised: INR 1,150,000,000
- Date: April 2024
- Lead Investors: Bessemer Venture Partners, Patni Family, Random Walk Solutions
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence and enhance product development.
- Series Unknown
- Amount Raised: INR 350,000,000
- Date: March 2025
- Lead Investors: Ashutosh Joshi
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and development in the fintech sector.
Total Amount Raised: USD 36,630,000
Current Valuation: Not publicly disclosed
Key Investors
- Ashutosh Joshi
- Details: Ashutosh Joshi is a prominent investor who participated as a lead investor in Innoviti's latest funding round. He is known for his strategic investments in the fintech sector.
- Investment Focus Areas: FinTech, Payments, Technology
- Notable Investments: Innoviti
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a global venture capital firm that has been investing in innovative companies for over a century. They have a strong track record of supporting high-growth startups.
- Investment Focus Areas: FinTech, Healthcare, Enterprise Software
- Notable Investments: LinkedIn, Pinterest, Shopify
- Panthera Growth Partners
- Details: Panthera Growth Partners is a private equity firm that focuses on growth-stage investments. They aim to support companies in scaling their operations and achieving market leadership.
- Investment Focus Areas: Technology, Consumer, Financial Services
- Notable Investments: Innoviti, BigBasket, Byju's
- Alumni Ventures
- Details: Alumni Ventures is a venture capital firm that provides individual investors with access to diversified venture portfolios. They leverage their extensive network of alumni to identify promising investment opportunities.
- Investment Focus Areas: Technology, Healthcare, Consumer Products
- Notable Investments: Innoviti, SpaceX, Robinhood
- FMO
- Details: FMO is the Dutch entrepreneurial development bank that supports sustainable private sector growth in developing countries. They focus on sectors that have a high development impact.
- Investment Focus Areas: Financial Institutions, Energy, Agribusiness
- Notable Investments: Innoviti, D.light, Greenlight Planet
What's Next for Innoviti?
Innoviti is poised to leverage its recent funding to enhance its payment solutions and integrate real-time sales data into merchants' business processes. This opportunity is significant, with the potential to expand operations and improve technological offerings. The involvement of prominent investors like Bessemer Venture Partners suggests that future fundraising opportunities may arise as Innoviti continues to grow and innovate.
However, the company may face challenges such as competition from other payment solution providers and the need for continuous technological advancements. Scaling operations efficiently while maintaining service quality will be crucial for Innoviti's sustained success in the fintech sector.
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