ITI Growth Opportunities Fund
ITI Growth Opportunities Fund backs early-stage Indian startups across technology sectors.
Overview
ITI Growth Opportunities Fund is an early-stage venture capital fund based in Mumbai and part of the Investment Trust of India group. Founded in 2018, the fund backs entrepreneurs building technology-driven businesses across India and global markets. Its portfolio spans fintech, consumer businesses, health-tech, SaaS, industrial technology, mobility, agriculture and logistics.
Investment Focus and Stage
ITI follows a sector-agnostic approach, with particular interest in businesses where technology can solve large, practical problems. Its investments have covered B2B commerce, financial services, industrial and IoT applications, healthcare, consumer brands, mobility and agriculture technology.
The fund invests from pre-seed through Series B, with its strongest emphasis on early-stage opportunities. Typical investments are in the range of $500,000 to $2 million. ITI positions itself as a first partner to founders and combines capital with operational guidance, industry connections and support around scaling the business. Its investment philosophy centers on founder quality, disruptive ideas, operational expertise and thesis-led investing.
Fund Size and Portfolio
ITI launched its first fund in 2018 with a corpus of about ₹62 crore. Its second fund targets a corpus of ₹200 crore and had secured ₹80 crore during its initial fundraising phase. The fund has built a portfolio spanning more than two dozen companies.
Its investments include Cureskin, Bolt.Earth, Fasal, Grip Invest, Redwing Labs, HexaHealth, ReelSaga, Curefoods, REVOS, Evolve Snacks, ten3T Healthcare, Whiz League and Invento Robotics. The portfolio reflects the fund's broad mandate, ranging from AI-enabled healthcare and agri-tech to electric mobility, fintech and robotics.
ITI has backed companies at different points in their growth journeys. Its investment in Fasal came through the company's $12 million Series A, while Bolt.Earth has also been part of the fund's portfolio as the electric mobility company expanded its charging network and technology platform.
Leadership
Mohit Gulati is the Managing Partner and CIO of ITI Growth Opportunities Fund. He brings more than a decade of experience across alternative asset management and early-stage investing. Before building ITI's venture practice, he founded Oliphans Capital and was an early backer of startups including Ecom Express, Grab, HealthifyMe and 1mg.
The current investment team includes Akhilesh Prakhya, Pratham Simba Chopra, Umang Kapoor and Jai Shekhar. Jai Shekhar joined as Senior Associate after working at Peak Sustainability Ventures, while Pratiksha Haldankar serves as Compliance Officer.