Itilite logo
Founded 2017

Itilite

2019 Revenue

$960.0K

YOY

Funding

$17.7M

How Itilite hit $960.0K in Revenue with 80 Customers in 2019.

About Itilite

Bringing business travel online

Monthly Revenue

$80.0K

Total Expenses

$150.0K

=
Net Income

-$70.0K

Ebidta Margin

-87.50%

+
YOY Growth

=
Rule of 40

-87


How did Latka collect this data?

Podcast Youtube video

Latka collected this data by interviewing Itilite CEO Mayank Kukreja on 12/01/2020

Watch the podcast


Headquarters

New Thippasandra Main Road BengaluruKarnatakaIndia
$Funding$Revenue

Itilite Revenue

In 2019, Itilite revenue run rate hit $960.0K in revenue.

$960.0K

Itilite Valuation and Funding History

Itilite has raised a total of $17.7M.

Why are so many SaaS founders taking money from Founderpath.com instead of VC's?
Funding DateRoundAmountTotalValuation
04/18/2020Series B$13.5M
01/25/2019Series A$4.2M

Customers

Itilite has 80 customers.

Lifetime Months

1K

×
Monthly ARPU

$1.0K

=
Lifetime Dollars

$1.2M


Acquisition Cost

$3.0K

Average Annual Price

$12.0K

$0$12.0K3 month payback period024681012

Churn

Itilite has an annual churn rate of 1.00%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-1.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

99.00%

Team

Employees

Itilite has 140 employees. They have 14 sales reps that carry a quota, an engineering team of 30 and a marketing team of 7.

2019202035.00%▲
DistributionQty

Total Team Size

140

Engineers

30 (21%)

Sales

14 (10%)

Marketing

7 (5%)

CEO/Founder

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.


CEO 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


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Frequently Asked Questions about Itilite

When was Itilite founded?

Itilite was founded in 2017.


Who is the CEO of Itilite?

The CEO of Itilite is Mayank Kukreja


How many employees does Itilite have?

Itilite has 140 employees.

How much revenue does Itilite generate?

Itilite generates $960.0K in revenue.


How much funding does Itilite have?

Itilite has raised $17.7M.


Where is Itilite headquarters?

Itilite is headquartered at New Thippasandra Main Road BengaluruKarnatakaIndia

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