Itilite revenue hit $960K in 2023

Itilite generates revenue from 80 customers


How did Latka collect this data?

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Latka collected this data by interviewing Itilite CEO Mayank Kukreja on May 22, 2019

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Itilite

Itilite

New Thippasandra Main Road, Bengaluru, Karnataka, 560075, India

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How Itilite hit $960K revenue and 80 customers in 2019.

Bringing business travel online

Founded

2017

Founded

Revenue

$960K

2019 Revenue

YOY
-----

YOY

Funding

$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

  • 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