Innoviti Payment, an enterprise payments solution provider, has received Rs 80 crore in the first close of its ongoing Series D round, which is a mix of debt and equity. Trifecta Debt Fund, Patni Advisors, and Bessemer Venture Partners participated in the round. This round also included Sanjoy Bhattacharya, Bharat Jaisinghani, and a slew of other individual investors.
The company, which was founded in 2002, enables businesses to collaborate on payment transactions and transform them into purchase instruments that are dependable, convenient, and encourage consumers to spend more by increasing their purchasing power. On Innoviti’s platforms, merchants, banks, and brands collaborate to build such experiences. They not only win new loyal consumers, but they also grow their share of wallet, resulting in more customers, sales, and profits than would otherwise be achievable.
This customer centricity and a relentless focus on excellence has helped us become the most capital efficient company in this space. With the current Series D, we hope to become a sustainable business and list on the exchanges over the couple of years.” – said Rajeev Agrawal, CEO, Innoviti.