For the bulk of the past two years, the pandemic has put the kibosh on corporate travel of nearly any kind. This has dampened investors’ enthusiasm in travel and expense (T&E) startups, predictably, whose expertise lies in creating software for travel and other forms of expensing. But as the appetite for in-person events and interactions returns to what it once was, T&E is again becoming a category of interest.
Case in point: Itilite, a Bengaluru, India-based company developing T&E software, today announced that it raised $29 million in a Series C round co-led by Tiger Global and existing investor Dharana Capital with participation from Matrix Partners and Tenaci …
