Innoviti Allocates Additional Rs. 25 Cr. of ESOPs in Preparation for its Proposed IPO

BANGALORE, India - Jan. 17, 2025 - PRLog -- Innoviti Technologies Pvt. Ltd., India's largest payments-centric retail SaaS platform for enterprise brands and SME channel partners, announced an additional Rs. 25 Cr. ESOP allocation for 110 employees in preparation for its IPO, bringing the total allocation to Rs. 106 Cr.

50% of the allocation is for employees with over 1 year at the company, while the rest rewards select employees for outstanding contributions, with grants ranging from Rs. 3 Cr. to Rs. 1 lakh.

Innoviti's retail SaaS leverages digital payment channels to help businesses unlock hidden value at the point of consumption. Its software connects retail and payment systems, offering unique payments, operational, and marketing solutions.

The "innoviti genie" sales software for mid-market electronics merchants grew 192% in the last year. The enterprise software "innoviti unipay" saw 15% growth with 28% EBITDA. In December 2024, Innoviti launched "innoviti link," a payment collection app for delivery merchants, under its RBI-approved online PA license, targeting 30,000 merchants by March 2025.

With a Rs. 160 Cr. annualized run rate and under Rs. 8 Cr. EBITDA loss, Innoviti aims for profitability in 2 quarters, setting the stage for an IPO in 12 months. Earlier this year, the company received RBI's final authorization as an online payment aggregator.

"Innoviti's spectacular performance of 67% revenue growth and 58% EBITDA loss reduction, in the last few quarters, would not have been possible without the hard work put in by the exceptionally talented team at Innoviti. The company is planning for operating profitability within the next 2 quarters, and has initiated IPO planning with an aim to list in the next 12 months.
I hope this reward will translate into wealth and happiness for Innoviti's employees.  I hope it will help them reinforce their belief that merit, sincerity, and hard work always pays. I hope that it will help them fulfill their dreams, as they help the company fulfills its."– said Mr. Rajeev Agrawal, CEO, Innoviti.

About Innoviti Technologies Pvt. Ltd., Bangalore, India.
https://www.innoviti.com

Innoviti provides payments-centric retail SaaS software to enterprise brands and SME channel partners, unlocking value missed by traditional payment solutions. Operating across online and offline channels, it processes over Rs. 80,000 Cr. annually in 2000 cities. Innoviti serves 20,000 merchants, covering over 50% of purchases in food, grocery, lifestyle, and healthcare. Backed by marquee investors like Bessemer Venture Partners and FMO, it is authorized by RBI as an online payment aggregator. Innoviti has won multiple awards and holds 11 patents, with 16 more pending.