India, March 6 -- IPO-bound fintech soonicorn Innoviti Technologies has raised INR 35 Cr (about $4 Mn) in a fresh funding round from existing shareholders, including angel investor and Ola Electric backer Ashutosh Joshi and VC firm Bessemer Venture Partners.

The company's board passed a special resolution to allot 6,95,871 Series M compulsorily convertible preference shares (Series M CCPS) at a face value of INR 11 each and a premium of 492.93 per share to raise the sum, as per its regulatory filings accessed by Inc42.

Following the board's approval, the digital payments solutions company raised the funding in two tranches.

Joshi led the round with INR 20 Cr investment, Devi Construction LLP contributed INR 5 Cr while Bessemer invested...