ITI Growth Opportunities(ITIGo), an early stage investment firm, has successfully closed the first round of its second AIF fund at INR 80 crore in record
time. This achievement highlights the strong track record of the investment team, led by Mr. Mohit
Gulati with support from the ITI Group, past limited partners (LPs), active participation from all Fund
employees, and significant commitments from prominent family offices. The total target corpus
of the fund is INR 300 crore, which includes a green- shoe option of 100 crore.
The fund builds on thesuccessful legacy of its previous vehicle and counts Bolt.earth, Fasal, Cureskin, Redwing Aerospace
Labs, GetePay, Hubhopper,
Evolve Snacks as its portfolio
companies among others. The new fund aims to invest in 20 to 22
companies, with ticket size ranging from INR 6 crs to INR 12 crs across pre seed to series A companies. These investments will primarily target tech-enabled startups across climate, B2B, consumer brands, health,
software-as-a-service (SaaS), financial services & deep-tech.
"We are excited to
announce the first close of Fund 2 and are thankful to the LPs who have placed their trust in
us. We continue to be optimistic about the growth potential of India, which is
on track to become the
world’s third-largest economy. This is supported by a strong and stable
government, with innovation as the driving force behind its
growth," said Mohit Gulati, Managing Partner & CIO at ITI Growth
Opportunities Fund. “Our primary focus is on collaborating with ambitious
Indian founders who are leading innovation and challenging the
status quo. With our approach based on specific investment theses, we strive to identify emerging
trends ahead of time. “As an operator and founder-focused
VC, we empower entrepreneurs with our knowledge and network to help them grow
and establish world-class companies."
With the first close successfully completed, ITI
Growth Opportunities Fund 2 is prepared to begin actively deploying the available capital, starting
with 2 identified investment opportunities, thus paving the way for future success.
About the ITI Group- The Investment Trust of India (ITI) is a
diversified financial services company based in India, offering a broad range of services
including asset management, and investment advisory. ITI aims to cater to the
financial needs of individual and institutional clients through its various
subsidiaries and business units. With a strong emphasis on innovation and
customer-centric solutions, the company seeks to provide sustainable financial growth and security to its clients.