logo
logo

Itilite revenue is $960k

Itilite team size is 140 employees


How did Latka collect this data?

Play

Latka collected this data by interviewing Itilite CEO Mayank Kukreja on 01/25/2019

Watch the podcast
logo

Itilite

-New Thippasandra Main Road Bengaluru, Karnataka, India

linkedinwebsite

How Itilite hit $960K Revenue with 80 customers in 2022.

Bringing business travel online

Founded

2017

Founded

Revenue

$960K

2022 Revenue

YOY
-----

YOY

Funding

$17.7M

Funding


Itilite Revenue

In 2022, Itilite revenue run rate hit $960K in revenue.

  • 2019

    Itilite hit $960K in revenue in 2019

  • 2017

    Itilite launched in 2017 with $0 revenue

$960K

Itilite Funding History

Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?

  • 2020 Series B

    Itilite raised a Series B of $13.5M

  • 2019 Series A

    Itilite raised a Series A of $4.2M

FUNDING DATEROUNDAMOUNTVALUATION
04/18/2020 Series B $13.5M
01/25/2019 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

2019202035▲
DISTRIBUTIONQTY
Total team size
140
Engineer
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.

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

1200

x

Monthly ARPU

$1K

=

Lifetime Dollar

$1.2M

Acquisition Cost

$3K

Average Annual Price

$12K

$0$12K3 month payback period024681012
$0$12K3 month payback period024681012

Churn

Itilite has an annual churn rate of 1.00%.

-100-500%50100

Gross Annual Dollar Churn

-1.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

99.00%


About Itilite

Monthly Revenue

$80K

-

Total Expenses

$0.0

=

Net Income

$0.0

EBIDTA Margin

0.0%

+

YOY Growth

0.0%

=

Rule of 40

0


Itilite Board of Directors

NamePosition

Itilite Executives

NamePosition
Mayank Kukreja CEO

Itilite Employees

NamePosition
Mayank Kukreja CEO

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 was raised $17.7M.

How many employees does Itilite have?

Itilite has raised 140 employees.

Where is Itilite headquarters?

Itilite headquater is at India