Move designed to further accelerate Innoviti’s revenue expansion plans.
An alumnus of INSEAD, France, Sanjeeb Kalita joins Innoviti as Chief Revenue Officer. He brings over 22 years of diverse experience of Sales & BD, Large Scale Operations Management and building businesses across sectors like FinTech, IT & Telecom. Sanjeeb till recently was the Chief Revenue Officer at Ezetap where he led the company’s international expansion, built partnerships and alliances, and was responsible for sales and revenue.
Sanjeeb was previously associated with Bharti Airtel as Vice President & Chief Service Officer. Sanjeeb Kalita’s induction is in line with Innoviti’s aggressive plans for scaling up of its business operations post the latest fund raise of US$ 18 million in a Series B funding round led by the Singapore-based SBI FMO Emerging Asia Financial Sector Fund (the ‘SBI-FMO Fund’ jointly setup by SBI Holdings Group of Japan and FMO of Netherlands), Bessemer Venture Partners and existing investor Catamaran.
Utilizing the Series B Innoviti has rapidly expanded its customer base, doubling the volume processed and revenue over the past twelve months. Currently, Innoviti’s uniPAY NEXT platform processes over US$ 4 Bn of annual transaction volume across over 1.25 lac POS terminals at over 800 cities in India. Through its latest #LookAhead Transaction-routing technology which uses a Rules-based architecture to dynamically search for the acquiring network with optimal cost – cum-reliability combination for each transaction, the company has today increased transaction reliability to upwards of 96%, where the industry average stands at 82%. Sanjeeb’s appointment reaffirms Innoviti’s commitment to rapidly scaling up by providing a world-class payments platform to Indian merchants.
“Innoviti is already a leader in several payment segments in India. I’m excited to be a part of this journey at a juncture when the company’s strong market position and differentiated multi-sided platform can be monetized further for rapid growth with both merchants and partners. I look forward to working with Innoviti’s highly experienced team to drive the company’s ambitious vision and aggressive growth plans” – said Sanjeeb Kalita.
