ITI Growth Opportunities Fund (ITIGo) is a Mumbai-based venture fund that backs technology startups at the early and growth stages. Operating as ITI Growth Opportunities VCF 1, its stated mission is to identify world-class founders solving real problems with technology and back them as they attack both Indian and global markets.
The fund keeps a deliberately low profile. Its total corpus is not publicly disclosed, but the pitch to founders is explicit: this is a founder-first, operator-flavoured fund. The general partners say that over seven years they have personally invested in 24+ companies — generating what they describe as top-decile performance within the Indian VC asset class and creating over $1.2 billion in company value across their personal investments — while the institutional journey of the fund itself is only just beginning.
Thesis and sectors
ITIGo describes its approach as resting on five pillars: founder first, disruptive ideas, operational expertise, thesis orientation and extensive network access. In practice that means working hands-on with founders and their teams rather than passively holding a cap-table seat. The sector mandate is broad but technology-led: consumer brands, healthtech, deeptech, XaaS, internet and cloud-based services, and next-generation IT infrastructure.
On stage, the fund backs both early and growth-stage companies, with the GP team focused on quality entrepreneurs who can build valuable businesses that compete on a global scale.
Portfolio
The portfolio showcased on the firm's own site reflects the breadth of that mandate. Redwing Labs, a Bangalore startup founded in 2018, runs an autonomous-drone logistics network delivering time-critical medical supplies to hard-to-reach regions. Bolt Earth, also Bangalore-based and founded in 2018, is building an EV charging network alongside an OS solution for 2- and 3-wheeler OEMs. Cureskin is an AI-powered, dermatologist-backed skin-and-hair-care platform that analyses users' skin with proprietary AI and recommends personalised treatment kits, care plans and access to dermatologists. Deeptech logistics, EV infrastructure and AI-led consumer health sit side by side — neatly mirroring the stated sector spread.
People and how to pitch
The fund is led by Mohit Gulati, listed as its founder and investor, who has spent the last decade backing early and growth-stage technology companies out of South Mumbai. The team describes itself as small, young and driven by curiosity. There is no formal accelerator or structured program: pitching is direct. Founders with an idea are invited to write to [email protected] under a simple 'Pitch To Us!' call to action. Credits or portfolio perks beyond capital are not publicly disclosed.
Why it matters for founders
If you are building in deeptech, healthtech or consumer tech and want a Mumbai fund that leads with founders rather than spreadsheets, ITIGo pitches itself as an operator-heavy partner for the long haul. The bar is a credible note to [email protected] — come with the idea and the ambition; no product or traction deck is prescribed.