Innoviti Technologies Raises Rs. 40 Crores in Series E Funding for Mid-Market Expansion
Innoviti Raises Rs. 40 Crores in First Close of Series E Funding
Innoviti Technologies' Series E Funding
Key Highlights:
- Series E Funding: Raised Rs. 40 Crores in the first close of Series E funding.
- Investors: Led by Bessemer Venture Partners and Patni Family Office, with participation from others.
- Mid-Market Expansion: Funds will be used to drive Innoviti's expansion in the mid-market segment.
Innoviti Technologies' Target Market
- Target Market: Enterprise brands and their channel partners in the retail industry.
- Payment Processing Solutions: Providing payments-centric retail SaaS tools for online and offline payment channels.
- Industry Focus: Serving enterprise retailers in the food and grocery, lifestyle, and healthcare sectors.
What Innoviti Technologies Needs to Buy
- Technology Development: Investing in research and development to enhance their retail SaaS platform and payment processing tools.
- Market Expansion: Expanding their presence in more cities and targeting additional merchants in the retail industry.
- Strategic Partnerships: Collaborating with enterprise brands and channel partners to offer integrated payment solutions.