Itilite revenue hit $960K in 2023
Itilite generates revenue from 80 customers
How did Latka collect this data?
Latka collected this data by interviewing Itilite CEO Mayank Kukreja on May 22, 2019
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Itilite
New Thippasandra Main Road, Bengaluru, Karnataka, 560075, India
How Itilite hit $960K revenue and 80 customers in 2019.
Bringing business travel online
2017
Founded
$960K
2019 Revenue
YOY
$17.7M
Funding
Itilite Revenue
In 2019, Itilite revenue run rate hit $960K in revenue.
-
2019
Itilite hit $960K in revenue in 2019
-
2017
Itilite launched in 2017 with $0 revenue
Itilite Funding History
-
2020 Series B
Itilite raised a Series B of $13.5M in April, 2020
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2019 Series A
Itilite raised a Series A of $4.2M in January, 2019
FUNDING DATE | ROUND | AMOUNT | VALUATION |
---|---|---|---|
April, 18 2020 | Series B | $13.5M | - |
January, 25 2019 | Series A | $4.2M | - |
Team
Itilite has 140 total employees and 14 sales reps that carry a quota. They have 80 customers an engineering team of 30 and a marketing team of 7.
DISTRIBUTION | QTY |
---|---|
Total team size | 140 |
Engineer | 30(21%) |
Sales | 14(10%) |
Marketing | 7(5%) |
Founder / CEO
Mayank Kukreja
Mayank is the Founder & CEO of ITILITE, a SaaS platform which digitises corporate travel and incentivises employees to save money for their company during travel. Mayank understands the pain of business travel deeply, having lived the life of a McKinsey consultant, spending 200 nights per year on the road.
Q&A
What's your age?
34
Favorite online tool?
Evernote
Favorite book?
Shoe Dog
Favorite CEO?
Jason Lempkin
Advice for 20 year old self
More patience
Customers
Itilite has 80 customers.
Lifetime Months
1.2K
x
Monthly ARPU
$1K
=
Lifetime Dollar
$1.2M
Acquisition Cost
$3K
Average Annual Price
$12K
Churn
Itilite has an annual churn rate of 1%.
Gross Annual Dollar Churn
-1%
Annual Dollar Expansion
0%
Net Revenue Retention
99%
Itilite Executives
Name | Position | Working Email | Personal Email |
---|---|---|---|
Mayank Kukreja | CEO | mayank@itilite.com | - |
Itilite Employees
Name | Position | Working Email | Personal Email |
---|---|---|---|
Mayank Kukreja | CEO | mayank@itilite.com | - |
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Frequently Asked Questions about Itilite
When was Itilite founded?
Itilite was founded in 2017.
How much revenue does Itilite generate?
Itilite generates $960K in revenue.
Who is the CEO of Itilite?
The CEO of Itilite is Mayank Kukreja.
How much funding does Itilite have?
Itilite raised $17.7M.
How many employees does Itilite have?
Itilite has 140 employees.
Where is Itilite headquarters?
Itilite is headquartered at New Thippasandra Main Road, Bengaluru, Karnataka, 560075, India
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