ITILITE
ITILITE is a corporate travel and expense management SaaS platform founded in 2017 serving 500+ companies with unified booking, expense reporting, corporate card, and AI-powered analytics capabilities.
- Company typePrivate
- Founded2017
- HeadquartersBangalore, India
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
What ITILITE does
ITILITE is a corporate travel and expense management SaaS platform founded in 2017 and headquartered in Bangalore, India, with US corporate registration as ITILITE Inc. The company serves 500+ corporate customers across healthcare staffing/recruiting, construction, manufacturing, transportation/logistics, and software/technology verticals, offering a unified platform that combines business travel booking (flights, hotels, car rentals), expense reporting and reimbursement, and a co-branded corporate card program. Underlying technology includes AI-powered capabilities — Iris, a conversational AI travel analyst that responds to plain-English queries about travel data, and Mastermind, a benchmarking tool that compares customer spend against aggregated industry data — alongside OCR-based receipt processing, automated credit card authorization, and ERP/accounting integrations with SAP, Oracle NetSuite, Workday, QuickBooks, Xero, Sage, and others. The platform is deployed on AWS with a zero-trust security architecture and holds ISO 27001, SOC 2 Type II, and PCI DSS Level 1 certifications.
ITILITE's revenue model is multi-stream and transactional. Travel bookings generate a flat per-trip fee of $10 (or $6.99 with a pre-funded wallet); the expense management module is priced at $6 per active user per month with no annual contract required; and the ITILITE Card generates interchange revenue on corporate card transactions. The go-to-market motion is hybrid: a product-led, self-serve model targeting SMB and mid-market customers via the website and review-platform presence (500+ five-star reviews on both G2 and Capterra), paired with a direct enterprise field-sales motion supported by dedicated account managers and tailored demos. Customers cited include Toshiba, JCDecaux, Herzing University, Page Industries, Praj Industries, Build Health International, and Exactera, indicating enterprise credibility alongside the SMB/mid-market volume base.
The company has raised $47 million in total venture funding, most recently a $29 million Series C in April 2022 led by Tiger Global and Dharana Capital with participation from existing investors. Institutional ownership stood at approximately 60.6% of the cap table as of 2026 shareholding data, with founders retaining roughly 30.3% and an ESOP pool of 7.6%; the implied valuation was approximately ₹1,180 Crores (~$141M USD). Recent strategic moves include the November 2023 launch of the ITILITE Card, the October 2025 launch of Iris, and a November 2025 partnership with onPhase to integrate travel and expense data into broader finance-operations workflows.
ITILITE firmographics
Firmographics- Name
- ITILITE
- Legal name
- ITILITE Inc.
- Website
- https://itilite.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- ITILITE is a corporate travel and expense management SaaS platform founded in 2017 serving 500+ companies with unified booking, expense reporting, corporate card, and AI-powered analytics capabilities.
- Ownership category
- akta.pro rank
ITILITE industry classification
Industry- Product category
- Corporate Travel and Expense Management Software
- NAICS
- Travel Agencies (561510), Other Travel Arrangement and Reservation Services (56159)
- SIC
- Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Corporate Travel & Expense Booking Platforms (BPAMAIAI)
- akta.pro secondary industries
- Enterprise OBTs (Complex Policy, Multi-Entity, Global) (THACABAC), Payments, Expense & FinTech Strategy (Card Programs/Settlement) (THACAMAI)
Keywords
Where ITILITE is headquartered
LocationHeadquarters
- HQ city
- Bangalore
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
ITILITE business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Travel Booking — Per-Trip Transaction Fee: ITILITE charges a flat fee per trip booked through the platform. Revenue is transactional and scales with booking volume. The fee applies per individual trip itinerary rather than per user or organization.
- Expense Management — Active User Subscription: Subscription fee charged on a per-active-user basis for the expense management module. Billed monthly with no annual commitment required. Covers the full expense reporting, auditing, and policy compliance workflow.
- Corporate Card — Interchange Fees: Revenue generated from interchange fees on corporate card transactions processed through ITILITE's card program. Combined with travel and expense in a unified platform, creating a multi-stream revenue model per customer relationship.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | $10 per trip for travel bookings; $6.99 per trip for pre-funded wallet bookings |
| Per seat | Monthly | $6 per active user per month for expense management |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels8 records
ITILITE product offering
Product offeringCore offering
ITILITE provides a unified SaaS platform for corporate travel booking, expense management, and corporate card management. The platform combines flight, hotel, and car rental reservations with real-time policy enforcement, AI-powered travel analytics (Iris and Mastermind), automated expense reporting with OCR, and an integrated corporate credit card with cashback rewards. It targets finance teams, travel managers, and business travelers at companies ranging from SMBs to global enterprises.
Product overview
ITILITE is an integrated corporate travel and expense management SaaS platform consisting of three core products — Business Travel Management, Expense Management, and ITILITE Corporate Card — supplemented by AI-powered analytics (Iris and Mastermind), automated hotel payment handling (Credit Card Authorization), group booking capabilities, corporate negotiated rates management, and unused flight credit tracking. All modules share a unified data layer so that travel bookings automatically feed expense reports, which reconcile with corporate card transactions, delivering real-time financial visibility to finance teams. The platform is priced on a per-trip model ($10 standard, $7 with pre-funded wallet) with expense licenses starting at $6 per active user per month.
Differentiator
Problem solved
Functional benefit
Brands
- Iris: AI-powered Travel Analyst that allows users to ask questions about travel data in plain English and receive instant insights, trends, reports, and anomaly detection.
- Mastermind
Products and services
- Business Travel Management
Companies that use ITILITE
Customer profileNamed customers7 records
Segments5 records
Ideal customer profiles6 records
ITILITE technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration11 records
AI capability10 records
Feature5 records
ITILITE partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- onPhasecoreonPhase is a finance operations platform. ITILITE and onPhase announced a strategic partnership in November 2025 to integrate ITILITE's travel and expense management capabilities with onPhase's finance operations automation, enabling joint customers to streamline reconciliation and financial workflows.
Scale indicators3 records
Recent moves5 records
Expansion highlights6 records
ITILITE competitors and assessment
Company assessmentDirect peers
- Navan (formerly TripActions): Unified corporate travel, expense, and corporate card platform serving SMB through enterprise. Direct head-to-head competitor to ITILITE with similar product breadth and revenue model, but with deeper funding and larger customer base.
- Brex: Corporate card-first spend management platform that has expanded into travel booking and expense management. Directly comparable to ITILITE on the card-plus-expense side and increasingly on travel booking.
- Expensify: Expense management platform with receipt OCR and corporate card reconciliation, expanded into travel booking. Closest pure-play expense peer to ITILITE's expense module.
- TravelPerk: Corporate travel booking platform with integrated expense management serving SMB and mid-market in Europe and globally. Comparable product scope and target customer segment to ITILITE.
- Ramp: Corporate card and spend management platform with expense automation, increasingly adjacent to travel booking. Comparable to ITILITE on card-plus-expense with similar self-serve GTM motion.
- Emburse: Enterprise expense and travel expense management platform with cards and AP automation. Comparable to ITILITE's expense and card modules, with stronger enterprise presence.
Broad incumbents
- SAP Concur: Long-established enterprise travel and expense management platform with deep ERP integration (parent SAP). The incumbent ITILITE most directly displaces at the enterprise tier; broader portfolio and longer deployment history create switching costs.
Regional players
- Happay: India-based expense management and corporate card platform. Closest regional peer to ITILITE in the Indian market with overlapping mid-market and enterprise customer base.
Emerging players
- Fyle: India-headquartered expense management platform with real-time card feeds and ERP integrations. Comparable to ITILITE's expense module but without the integrated corporate card or travel booking depth.
- Airbase: Spend management platform combining corporate cards, expense, and AP automation. Adjacent competitor to ITILITE on the spend management side with growing travel coverage.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
ITILITE social profiles
Digital presenceITILITE compliance and trust
Trust signalCompliance5 records
ITILITE financial estimates
Financial estimateRevenue estimate
Valuation estimate
ITILITE leadership team
Management profileNumber of profiles
Profiles5 records
ITILITE funding detail
Funding detailFunding overview
Funding rounds4 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ITILITE M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ITILITE
What does ITILITE do?
ITILITE provides a unified SaaS platform for corporate travel booking, expense management, and corporate card management. The platform combines flight, hotel, and car rental reservations with real-time policy enforcement, AI-powered travel analytics (Iris and Mastermind), automated expense reporting with OCR, and an integrated corporate credit card with cashback rewards. It targets finance teams, travel managers, and business travelers at companies ranging from SMBs to global enterprises.
Is ITILITE a public or private company?
ITILITE is a private company. It is classified as venture growth investor backed and is currently operating.
When was ITILITE founded?
ITILITE was founded in 2017. It employs 251 to 500 people.
Where is ITILITE based?
ITILITE is headquartered in Bangalore, India, in the Asia region.
How does ITILITE make money?
Three revenue lines are on record. Travel Booking — Per-Trip Transaction Fee is the primary driver. The others are expense Management — Active User Subscription and corporate Card — Interchange Fees.
Who are ITILITE's main competitors?
Direct peers on record are Navan (formerly TripActions), Brex, Expensify, TravelPerk, Ramp and Emburse. SAP Concur is listed as a broad incumbent. Happay is listed as a regional player. Emerging players are Fyle and Airbase.
Does ITILITE have an API?
No public API is recorded for ITILITE.
What industry is ITILITE in?
ITILITE's product category is Corporate Travel and Expense Management Software. Its primary akta.pro industry code is BPAMAIAI, Corporate Travel & Expense Booking Platforms, with a secondary code of THACABAC, Enterprise OBTs (Complex Policy, Multi-Entity, Global). Its NAICS code is 561510 and its SIC code is 7373.