ITI Growth Opportunities (ITIGo), an early stage investment firm, has successfully closed the first round of its second AIF fund for Rs 80 crore in record time. This achievement highlights the strong track record of the investment team, led by Mr. Mohit Gulati with the support of the ITI Group, previous limited partners (LPs), active participation of all employees of the Fund and significant commitments from prominent family offices. The total target corpus of the fund is Rs 300 crore, which includes a green shoe option of Rs 100 crore.
The fund builds on the successful 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 20-22 companies, with ticket size ranging between INR 6 crs and INR 12 crs in companies from pre-seed to series A. These investments will primarily target technology startups in climate, B2B, consumer brands, healthcare, software as a service (SaaS), financial services and deep tech.
"We are excited to announce the first close of Fund 2 and are grateful to the LPs who have placed their trust in us. We remain optimistic about the growth potential of India, which is on track to become the third largest economy in the world. This is backed by a strong and stable government, with innovation as the driving force for its growth," said Mohit Gulati, Managing Partner and CIO of ITI Growth Opportunities Fund. “Our primary goal is to collaborate 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 early. "As a founder-focused operator and venture capital, we empower entrepreneurs with our knowledge and network to help them grow and establish world-class companies."
Upon successful completion of the first close, ITI Growth Opportunities Fund 2 is prepared to begin actively deploying available capital, starting with 2 identified investment opportunities, thereby paving the way for future success.
About ITI Group: Investment Trust of India (ITI) is an India-based diversified financial services company offering a wide range of services including asset management and investment advisory. ITI aims to serve 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.
(Disclaimer: The above press release is provided by HT Syndication and will not assume any editorial responsibility for this content.)
The fund builds on the successful 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 20-22 companies, with ticket size ranging between INR 6 crs and INR 12 crs in companies from pre-seed to series A. These investments will primarily target technology startups in climate, B2B, consumer brands, healthcare, software as a service (SaaS), financial services and deep tech.
"We are excited to announce the first close of Fund 2 and are grateful to the LPs who have placed their trust in us. We remain optimistic about the growth potential of India, which is on track to become the third largest economy in the world. This is backed by a strong and stable government, with innovation as the driving force for its growth," said Mohit Gulati, Managing Partner and CIO of ITI Growth Opportunities Fund. “Our primary goal is to collaborate 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 early. "As a founder-focused operator and venture capital, we empower entrepreneurs with our knowledge and network to help them grow and establish world-class companies."
Upon successful completion of the first close, ITI Growth Opportunities Fund 2 is prepared to begin actively deploying available capital, starting with 2 identified investment opportunities, thereby paving the way for future success.
About ITI Group: Investment Trust of India (ITI) is an India-based diversified financial services company offering a wide range of services including asset management and investment advisory. ITI aims to serve 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.
(Disclaimer: The above press release is provided by HT Syndication and will not assume any editorial responsibility for this content.)
