ITI Growth Opportunities marks first close of their INR 300 Cr. Fund

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.