The Resurgence of Travel & Resilience of ITILITE with Mayank Kukreja: From $0 Revenue during COVID to 4X Growth in 2024

In this episode of The Scale Up Flight, Peeyush Upadhyay interviews Mayank Kukreja, Co-Founder and CEO of ITILITE, discussing the challenges and triumphs of scaling a startup in the B2B Travel and Expense Management category. They explore Mayank’s journey from his Consulting days at McKinsey to entrepreneurship, the importance of identifying market needs, and the strategies for navigating the fundraising landscape. The conversation highlights the innovative solutions ITLITE offers to streamline business travel and expense processes, especially in a post-COVID world. In this conversation, Mayank shares insights on navigating VC relationships, building a founding team, and the evolution of a founder's role. He emphasizes the importance of choosing the right VC partners, the need for a T-profile approach in hiring, and the necessity of letting go and delegating responsibilities as the company grows. Peeyush also talks to Mayank about the adoption of AI in Travel & Expense SasS, balancing technology with human interaction. Finally, Mayank reflects on personal growth, work-life balance, and the importance of stepping back to reassess one's journey.  Chapters (Episode – 1) 00:00 - Introduction to The Scale Up Flight Podcast01:49 - Understanding ITILITE's All-in-One Platform04:58 - Mayank’s Journey from Consulting to Entrepreneurship12:36 - Identifying the Problem and Market Fit19:19 - Expanding into New Markets Post-COVID27:32 - Building a Comprehensive Travel, Expense & Card Solution30:34 - Navigating the Fundraising Landscape33:29 - Navigating VC Relationships During Uncertain Times38:19 - Building a Founding Team: The T-Profile Approach41:29 - Evolving as a Founder: Letting Go and Delegating49:12 - AI in Travel: Balancing Technology and Human Touch57:55 - Scaling Leadership: Finding the Right Fit01:01:05 - Personal Reflections: Balancing Work and Life Hosted on Acast. See acast.com/privacy for more information.