Innoviti Technologies Pvt. Ltd., India’s leading payments-centric retail SaaS platform, has announced an additional allocation of ₹25 crore in employee stock ownership plans (ESOPs) to 110 employees. This move is part of the company’s preparation for its anticipated initial public offering (IPO) in the next 12 months. With this latest allocation, the total ESOP pool now stands at ₹106 crore.

The allocation is divided equally between two objectives: including all employees who have spent more than a year with the company under the ESOP plan and rewarding select individuals for their outstanding contributions. The rewards range from ₹3 crore to ₹1 lakh, reflecting the company’s commitment to recognizing merit and hard work.

“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,” said Rajeev Agrawal, CEO of Innoviti. He added, “The company is planning for operating profitability within the next two 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 pay. I hope that it will help them fulfill their dreams, as they help the company fulfill its.”

Accelerated Growth and Innovations

Innoviti’s innovative solutions have demonstrated impressive growth across various segments. The company’s Innoviti Genie, a sales negotiation software for mid-market electronics merchants, has recorded an annualized growth of 192%. Meanwhile, its enterprise payments software, Innoviti Unipay, posted a 15% annualized growth with a strong EBITDA of 28%.

The recent launch of Innoviti Link, a payment collection app for mid-market merchants handling deliveries, has shown rapid adoption. Developed under the company’s online payment aggregator license from the Reserve Bank of India (RBI), the app is on track to cover 30,000 merchants by March 2025.

Operating at an annualized revenue run rate of ₹160 crore with less than ₹8 crore in EBITDA loss, the company is targeting operational profitability in the next two quarters.

A Legacy of Innovation

With over ₹80,000 crore in annual transaction processing across 20,000 merchants and 2,000 cities, Innoviti is a dominant player in enterprise retail categories such as food and grocery, lifestyle, and healthcare. Innoviti has received multiple accolades, including the Deloitte 50 Fastest Growing Companies in Asia award (four times), the Reliance Innovation Award, and the Mastercard Innovation Award.

Backed by investors such as Bessemer Venture Partners (USA), FMO (Netherlands), Catamaran Ventures (India), and the Patni Family Office (India), Innoviti has consistently driven innovation, holding 11 patents with 16 more in the pipeline.

A Future-Forward Vision

Innoviti’s ESOP announcement aligns with its vision to reward employee contributions while building a robust foundation for its IPO. With a strong focus on profitability, innovation, and market leadership, the company is poised to take its growth story to public markets in 2025.