Itilite to expand team with funds from Matrix Partners, angel investors

Corporate travel is a $30-bn market in India; it is largely fragmented and serviced by offline travel management firms

End-to-end corporate travel management solution company Itilite has raised an undisclosed funding from Matrix Partners India and some angel investors. Itilite, a business-to-business (B2B) Travel SaaS provider, reduces cost by rewarding employees for saving on travel.

The new funds will be used to strengthen the technology platform and to expand the team. Investors of Itilite- Mayank Kukreja and Anish Khadiya- have worked at McKinsey and Myntra previously.

The corporate travel is a US$-30 billion market in India that is largely fragmented and serviced by offline travel management companies.

As most companies struggle with meeting employee expectations while preventing a major