What is Innoviti?
Founded in 2002 and headquartered in Karnataka, India, Innoviti Payment Solutions operates a sophisticated payment platform. The company specializes in developing advanced software solutions for payments processing, credit distribution, and comprehensive payment management. Innoviti's platform is designed to streamline financial transactions for businesses, offering a robust infrastructure that supports both payment facilitation and credit access. Its focus on integrated financial solutions positions it as a key enabler for digital commerce and financial inclusion in India and potentially beyond.
How much funding has Innoviti raised?
Innoviti has raised a total of $83.5M across 5 funding rounds:
Debt
$1.6M
Series A
$5M
Series B
$18.6M
Series D
$45M
Series E
$13.3M
Debt (2014): $1.6M with participation from Tata Capital
Series A (2015): $5M led by Catamaran Ventures
Series B (2017): $18.6M supported by Catamaran Ventures and Bessemer Venture Partners
Series D (2022): $45M featuring Patni Advisors, Bharat Jaisinghani, Sanjoy Bhattacharya, Bessemer Venture Partners, Panthera Growth Partners, and Trifecta Capital
Series E (2024): $13.3M backed by Random Walk Solutions, Alumni Ventures, and Bessemer Venture Partners
Key Investors in Innoviti
Bessemer Venture Partners
Bessemer Venture Partners is a globally recognized venture capital firm with a long history, established in 1911. Known for its early-stage investments, Bessemer has offices across key tech hubs and a strong presence in India, focusing on identifying and nurturing high-growth technology companies.
Catamaran Ventures
Catamaran Ventures is a UK and India-based family investment office that provides long-term financial and strategic support to growing small and medium-sized enterprises. Their investment focus spans various sectors including technology, consumer goods, healthcare, and education.
Trifecta Capital
Trifecta Capital is a leading Indian alternate financing platform that offers venture debt, growth equity, and treasury management solutions to startups. They aim to support companies throughout their lifecycle, helping them optimize capital structure and fuel growth.
What's next for Innoviti?
With its latest Series E financing, Innoviti is poised for accelerated expansion and further technological development. The substantial enterprise-level capital injection, particularly the recent strategic investment, signals a strong market validation and provides the resources necessary to deepen its market penetration and explore new avenues for growth. This strategic backing will likely fuel advancements in its payment processing capabilities, enhance its credit distribution network, and potentially support international market entry. The company's continued ability to attract significant investment highlights its potential to disrupt and innovate within the competitive fintech industry, solidifying its position as a leader in payment solutions.
See full Innoviti company page
