ITI Growth Opportunities Achieves Swift Fund Close at INR 80 Crore

ITI Growth Opportunities successfully closed the first round of its second AIF fund at INR 80 crore. Led by Mohit Gulati and supported by the ITI Group, the fund targets tech-enabled startups in various sectors. The final corpus target is INR 300 crore including a green-shoe option.

ITI Growth Opportunities (ITIGo) has achieved a significant milestone by closing the first round of its second AIF fund at INR 80 crore in a remarkably short time. This success underscores the robustness of the investment team, spearheaded by Mr. Mohit Gulati, with exceptional support from the ITI Group, past limited partners (LPs), active Fund employees, and notable family offices. The fund aims for a total corpus of INR 300 crore, inclusive of a green-shoe option of INR 100 crore.

Building on the legacy of its predecessor, the fund's portfolio includes companies like Bolt.earth, Fasal, Cureskin, Redwing Aerospace Labs, GetePay, Hubhopper, and Evolve Snacks. The new fund plans to invest in 20 to 22 companies, with investment sizes ranging between INR 6 to 12 crore, targeting primarily tech-enabled startups across sectors including climate, B2B, consumer brands, health, SaaS, financial services, and deep-tech.

"We are thrilled to announce the first close of Fund 2, and we extend our gratitude to the LPs for their trust. We remain optimistic about India's growth potential, poised to become the world's third-largest economy," said Mohit Gulati, Managing Partner & CIO at ITI Growth Opportunities Fund. "Our focus remains on partnering with ambitious Indian founders driving innovation. With a strategy rooted in specific investment theses, we aim to identify emerging trends. As an operator and founder-focused VC, we empower entrepreneurs with our expertise to build world-class companies." With the successful first close, ITI Growth Opportunities Fund 2 is set to start deploying capital, beginning with two identified investments, setting the stage for future success.

The ITI Group, known for its diversified financial services, offers comprehensive asset management and investment advisory. With a focus on innovation and client-centered solutions, ITI is committed to delivering sustainable financial growth and security to its clients.

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