ITIย Growthย Opportunities(ITIGo),ย anย earlyย stageย investmentย firm,ย hasย successfullyย closedย theย firstย roundย of its second AIF fund at INR 80 crore in record time. This achievement highlights the strong trackย record of the investment team, led by Mr. Mohit Gulati with support from the ITI Group, past limitedย partners (LPs), active participation from all Fund employees, and significant commitments fromย prominent family offices. The total target corpus of the fund is INR 300 crore, which includes a green-ย shoe option ofย 100 crore.
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Theย fundย buildsย onย thesuccessfulย legacyย ofย itsย previousย vehicleย andย countsย Bolt.earth,ย Fasal,ย Cureskin,ย Redwing Aerospace Labs,ย GetePay, Hubhopper, Evolve Snacksย as its portfolio companies amongย others. The new fund aims to invest in 20 to 22 companies, with ticket size ranging from INR 6 crs toย INRย 12ย crsย acrossย preย seedย toย seriesย Aย companies.ย Theseย investmentsย willย primarilyย targetย tech-enabledย startups across climate, B2B, consumer brands, health, software-as-a-service (SaaS), financial servicesย &ย deep-tech.
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“We are excited to announce the first close of Fund 2 and are thankful to the LPs who have placedย their trust in us. We continue to be optimistic about the growth potential of India, which is on track toย become the worldโs third-largest economy. This is supported by a strong and stable government, withย innovation as the driving force behind its growth,” said Mohit Gulati, Managing Partner & CIO at ITIย Growth Opportunities Fund. โOur primary focus is on collaborating with ambitious Indian foundersย who are leading innovation and challenging the status quo. With our approach based on specificย investment theses, we strive to identify emerging trends ahead of time. โAs an operator and founder-focused VC, we empower entrepreneurs with our knowledge and network to help them grow and establish world-class companies.”
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With the first close successfully completed, ITI Growth Opportunities Fund 2 is prepared to beginย actively deploying the available capital, starting with 2 identified investment opportunities, thusย pavingย theย wayย forย futureย success.
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About the ITI Group-ย The Investment Trust of India (ITI) is a diversified financial services companyย 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 andย institutional clients through its various subsidiaries and business units. With a strong emphasis onย innovation and customer-centric solutions, the company seeks to provide sustainable financialย growthย andย security toย itsย clients.
