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Fintech startup Innoviti raises $45 million led by Singapore's Panthera Growth Partners

Innoviti will use the funds to expand the company’s mid-market product lines in electronics, fashion, and grocery as well as build products on its UPI payment channels, the startup said

July 08, 2022 / 10:32 AM IST
(Representative Image)

(Representative Image)

Bessemer Venture Partners-backed Innoviti Payments Solutions, a provider of point of sale (PoS) and payment management solutions, has raised $45 million in equity and debt.

The equity round was a part of Innoviti's Series D funding and was led by Singapore-based Panthera Growth Partners, which alone invested $15 million, from its second fund, the company said on July 8.

The equity round also saw participation from new investors, including Alumni Ventures and  Patni Family Office, along with existing investors FMO and Bessemer Venture Partners, Netherlands, the company said.

Innoviti did not share the equity and debt split but said that it raised debt from Trifecta Capital as a part of the overall $45 million round. Individual investors Sanjoy Bhattacharya, Bharat Jaisinghani, and others also participated in the funding round, Innoviti said.