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Total amount raised
$68M
Latest funding date
2026-02-28
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.
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 A
- Amount Raised: USD 5,000,000 (approximately INR 30 Crore)
- Date: July 2015
- Lead Investors: Catamaran Ventures, New India Investment Corporation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand SME lending and payment solutions business.
- Series B
- Amount Raised: USD 18,000,000 (approximately INR 120 Crore)
- Date: July 2017
- Lead Investors: SBI-FMO Fund, Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To grow payments and lending businesses.
- Series C
- Amount Raised: Undisclosed
- Date: June 2020
- Lead Investors: FMO, Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop new consumer-centric solutions and build distribution models at scale.
- Series D (First Close)
- Amount Raised: INR 80,000,000 (approximately USD 10.7M); mix of debt and equity
- Date: January 2022
- Lead Investors: Trifecta Debt Fund, Patni Advisors, Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance payment processing capabilities and expand market reach.
- Series D (Second Close)
- Amount Raised: INR 750,000,000 (approximately USD 9.6M)
- Date: May 2022
- Lead Investors: FMO
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve technological infrastructure.
- Series D (Final Close)
- Amount Raised: USD 45,000,000 total across all Series D tranches (equity led by Panthera Growth Partners at $15M; remainder from Alumni Ventures, Patni Family Office, FMO, Bessemer, and Trifecta Capital debt)
- 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 in mid-market segments.
- Series E (First Close)
- Amount Raised: INR 400,000,000 (approximately USD 4.7M)
- Date: April 2024
- Lead Investors: Bessemer Venture Partners, Patni Family Office
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence and enhance product development.
- Series E (Final Close)
- Amount Raised: INR 700,000,000 total (approximately USD 8.3M); combination of equity and debt
- Date: August 2024
- Lead Investors: Random Walk Solutions
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To prepare for IPO and scale operations.
- Series M (First Tranche)
- Amount Raised: INR 350,000,000 (approximately USD 4M)
- Date: March 2025
- Lead Investors: Ashutosh Joshi
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and IPO preparations.
- Series M (Final Close)
- Amount Raised: INR 1,040,000,000 total (approximately USD 11.4M)
- Date: February 2026
- Lead Investors: Bessemer Venture Partners, Ashutosh Joshi, Arihant Patni (Patni Family Office), Deepak Vinchhi
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel business growth in the fintech sector ahead of a planned IPO.
Total Amount Raised: At least USD 68M based on disclosed funding across all rounds (Series C amount undisclosed).
Current Valuation: Not publicly disclosed
Key Investors
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a global venture capital firm with over a century of investing experience. They have participated in multiple Innoviti rounds from Series B through Series M.
- Investment Focus Areas: FinTech, Healthcare, Enterprise Software
- Notable Investments: LinkedIn, Pinterest, Shopify
- Panthera Growth Partners
- Details: Panthera Growth Partners is a Singapore-based growth equity firm that led Innoviti's Series D final close with a $15M commitment from its Fund II.
- Investment Focus Areas: Technology, Consumer, Financial Services
- Notable Investments: Innoviti, BigBasket
- Ashutosh Joshi
- Details: Ashutosh Joshi is an angel investor known for backing Ola Electric, who participated as lead investor in Innoviti's Series M first tranche and final close.
- Investment Focus Areas: FinTech, Mobility, Technology
- Notable Investments: Innoviti, Ola Electric
- Catamaran Ventures
- Details: Catamaran Ventures is the investment arm of Infosys co-founder N.R. Narayana Murthy. They led Innoviti's Series A round in 2015.
- Investment Focus Areas: Technology, Financial Services
- Notable Investments: Innoviti
- FMO
- Details: FMO is the Dutch entrepreneurial development bank that supports sustainable private sector growth in developing countries. They led Innoviti's Series C alongside Bessemer and subsequently participated in Series D.
- Investment Focus Areas: Financial Institutions, Energy, Agribusiness
- Notable Investments: Innoviti, D.light, Greenlight Planet
- Alumni Ventures
- Details: Alumni Ventures is a venture capital firm that provides individual investors with access to diversified venture portfolios. They participated in Innoviti's Series D and Series E rounds.
- Investment Focus Areas: Technology, Healthcare, Consumer Products
- Notable Investments: Innoviti, SpaceX, Robinhood
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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