Innoviti raises Rs 80 cr in first close of its Series D fund round

Innoviti is looking at raising Rs 400 crore in primary funding in Series D to fuel its growth with a plan for a listing in the next two to three years.

Innoviti Payment Solutions announced that it has raised Rs 80 crore in a first close in its ongoing Series D funding round. The fund raise, which was a mix of debt and equity, saw participation from Trifecta Debt Fund, Patni Advisors and Bessemer Venture Partners.

Sanjoy Bhattacharya, Bharat Jaisinghani, and a clutch of other individual investors also participated in the same. Innoviti’s  valuation has multiplied 2.5X from its Series C round closed a few months back, said the company in a statement.

Innoviti is looking at raising Rs 400 crore in primary funding in Series D to fuel its growth with a