 "Innoviti raises Rs 80 cr in first close of its Series D fund round")
Innoviti Payment Solutions announced that it has raised Rs 80 crore in a first close in its ongoing Series D funding round. The fund raise, which was a mix of debt and equity, saw participation from Trifecta Debt Fund, Patni Advisors and Bessemer Venture Partners.
Sanjoy Bhattacharya, Bharat Jaisinghani, and a clutch of other individual investors also participated in the same. Innoviti’s valuation has multiplied 2.5X from its Series C round closed a few months back, said the company in a statement.
Innoviti is looking at raising Rs 400 crore in primary funding in Series D to fuel its growth with a
