ITI Growth Opportunities Fund
ITI House, 36, Dr. R. K. Shirodkar Marg, Mumbai, Maharashtra, 400012, India
Overview
ITI Growth Opportunities Fund is dedicated to founder growth, offering personalized support, mentorship, and tailored resources to overcome challenges and maximize potential. The company provides startups with a launchpad for growth and innovation, offering comprehensive support, strategic guidance, and a vast network to unlock their potential.
- Total investments
- 6
- Lead investments
- 3
- Investments · 12mo
- 1
- Active investors
- 1
Sector focus
- Finance
- Financial Services
- Guides
- Venture Capital
Investment portfolio
- The Hosteller
Participated · Series B · Apr 2026
Founded in 2014 by Pranav Dangi and based in Mumbai, The Hosteller operates a network of hostel properties offering dorms, private rooms and cafes focused on community-driven travel experiences. The company says it operates more than 75 properties across 13 states and has hosted over 20 lakh unique travellers. Over the past 12 months it added over 30 properties and increased traveller capacity by nearly 70%. The Hosteller is targeting 25,000 beds nationwide within the next 36 months and plans to launch a travel super app that integrates accommodation, F&B, mobility and curated experiences. Financially, it has raised a $1M pre-Series A in 2021, a $5.7M Series A in 2024 (mix of debt and equity), and the Rs 150 crore Series B in the current round to fund expansion and operational scaling. The company competes with chains such as goSTOPS, Wudstay and Backpackers Panda.
- Glamplus
Led · Series A · Jan 2024
Glamplus offers a SaaS solution for salons, spas, and beauty chains to optimize operations and manage staff, appointments, and revenue. The platform also supplies beauty products, professionals, and personal-care items both online and offline to chain spas. It aims to digitize informal-economy gyms, salons, and spas to improve operational efficiency. The company was founded in 2020 and is based in Bengaluru, India. Glamplus combines software tools with marketplace supply functions to serve B2B customers in the beauty sector. It plans to use new funding to expand B2B presence in tier I and tier II Indian cities and to pursue international market ventures. Glamplus offers an AI-based salon and spa platform combining a CRM for customer management, an ERP for staff and inventory, and a B2B marketplace layered on its SaaS product. The platform supports appointment scheduling, digital invoicing, bulk SMS/WhatsApp promotions, loyalty schemes, stylist efficiency tracking and inventory management. Glamplus aims to premiumize salon offerings via B2B2C interactions and a curated beauty order marketplace on its SaaS platform. The company says it has scaled to 4,000 paying partners in less than eight months across six cities (Bengaluru, Delhi, Kolkata, Ahmedabad, Nagpur and Pune) and reports strong retention and unit economics. Management plans to expand tech capabilities and grow its B2B marketplace, targeting 10,000 B2B partners and monthly revenue of Rs 5 crore by March 2022. Founders Vatsalya Agarwal, Divyanshu Singh and Rohan Singh launched the company in July 2020 to address the fragmented SMB salon market. Glamplus, founded in July 2020 and Bengaluru-based, offers an experience-driven CRM platform for salons and related partners that manages appointments, staff management, suppliers and provides analytical reports on customer visit patterns. The product targets repeat engagement through a simple dashboard and analytics to help businesses elevate customer experience. The startup says it scaled to 500 paying partners in under three months across Bengaluru, Delhi and Pune and aims to grow to 3,000 partners in the next six months. Glamplus plans vertical expansion of its business lines and will use new funding to enhance product and technology capabilities and support business expansion. Management has set a longer-term target to capture a substantial share of a large and growing salon market over the next 2–3 years.
- Fasal
Participated · Series A · Dec 2023
Fasal develops a patented IoT-SaaS platform that delivers farm-level, crop-specific and crop-stage specific actionable intelligence for progressive horticulture farmers. Its platform provides real-time crop growing intelligence to Indian farmers to enable data-driven decisions. Co-founded by Shailendra Tiwari (CEO) and Ananda Verma (CTO), the company has more than 160 employees, a presence across 12 districts in India and Southeast Asia, and has deployed over 6,000 IoT devices. The company intends to use new funds to expand operations domestically and internationally. Fasal also plans to diversify into new business streams including secondary processing of farm produce and Software as a Service (SaaS) intelligence. Fasal received an investment from Beyond Capital Ventures; the amount of the deal was not disclosed. Fasal is a precision horticulture company that combines AI, crop sciences and proprietary IoT-crop intelligence to deliver farm-level, crop-specific and crop-stage-specific insights. Its platform enables resource optimization (water, pesticides) and higher farm productivity while procuring high-quality, traceable produce for an end-to-end optimized value chain. Since commercializing its technology, Fasal has worked with horticulture farmers across more than 75,000+ acres on crops including grapes, pomegranates, bananas, apples, chili and cardamom. The company describes its IoT-crop intelligence as patented and operates a B2B brand, Fasal Fresh. It plans to use new funding to accelerate R&D, innovate its proprietary farm IoT-crop intelligence, and develop advanced cross-industry data products to foster a carbon-negative agriculture value chain. Fasal intends to expand the business in India, Southeast Asia and Africa. Fasal is a full-stack, artificial intelligence-powered IoT SaaS platform for progressive horticulture that uses on-farm sensors and scientific algorithms to deliver farm- and crop-specific actionable insights in vernacular languages. The company provides on-farm sensing and analytics to generate agronomy recommendations and monitoring for growers. Fasal is developing additional services including fruit and vegetable market linkages and parametric crop insurance. The platform reports saving more than 9 billion liters of irrigation water, reducing pesticide expenditure by about 60%, and increasing yields across more than 40,000 acres to date. Fasal plans to use its new funding to expand across India and Southeast Asia and to strengthen its full-stack services. The company also intends to ramp up hiring across sales and marketing, agronomy, and technology teams. Fasal, launched in 2018 by Ananda Prakash Verma and Shailendra Tiwari and operated by Wolkus Technology Solutions Pvt. Ltd, is an AI-powered IoT‑SaaS platform for horticulture. It captures real-time data from a field sensor array that measures micro-climate, soil, and crop conditions and claims the array can be installed by farmers in less than 15 minutes. The platform translates that data into farm-specific, actionable advisories delivered via mobile in vernacular languages. Fasal says farmers have seen major increases in profitability and significant water savings after using its service, and the company aims to become a full‑stack platform for horticulture farmers. It is presently operating in Maharashtra, Karnataka, Chhattisgarh, Madhya Pradesh, Tamil Nadu, and Andhra Pradesh and plans pan‑India expansion and entry into Southeast Asian markets. The recent funding will be used to build AI capabilities for each horticulture value chain and to launch a lower‑cost installable version of its field sensor array.
- Bolt.Earth
Participated · Equity · Oct 2023
Bolt.Earth is an Indian startup that builds charging infrastructure and software solutions for two- and three-wheeler electric vehicles. It operates a charging network and offers fast and slow charging hardware with outputs from 3.3 kW to 240 kW and a software stack including Bolt.Earth OS and a low-code integration platform for OEMs and dealers. The company reports more than 30,000 charging points across over 11 cities, over 150,000 users, and its software runs on more than 20,000 EVs in India. Bolt.Earth says it already covers more than 50% of India’s EV charging network and is adding about 2,000 new charging points per month. The funding will be used to expand its charging network domestically and enter new markets in Asia, Europe, South America and Latin America, and to enhance its product portfolio. It also plans to hire across talent, engineering and product to support growth. REVOS offers an AI-enabled, IoT-powered operating stack that can be integrated into any EV to enable on-bike navigation, diagnostics, smart alerts, and anti-theft features. The startup is also building BOLT, a peer-to-peer, IoT-enabled charging point compatible with portable chargers and discoverable via a mobile app and QR code for pay-per-use charging. Since launching its smart platform in 2019, REVOS’s software has been used by 30 original equipment manufacturers across India, China, Vietnam, Nepal, and Egypt. The company plans aggressive expansion: deploying chargers across India, expanding to 1 million chargers in 500 cities over the next three years, and entering Europe and other parts of Southeast Asia. REVOS says it will use the fresh funding to roll out chargers nationwide and strengthen its technology team, and it plans to hire across business functions in the coming months. Founded in 2017, the startup aims to democratize EV and charger technology to accelerate EV adoption via a distributed P2P charging network.
- Whiz League
Led · Seed · Aug 2021
Whiz League provides an immersive learning experience with celebrity-driven courses and skill development programs led by industry practitioners and experts. The platform offers access to leaders in their fields who teach the nuts and bolts of specific subjects. Whiz League positions itself as a career-launching service focused on practical skill development. The company delivers content that connects learners with practitioners and industry experts. In August 2021 the company raised seed funding to support its growth and product plans. The startup is Whiz League Private Limited and operates an online learning site at https://whizleague.com.
Team
Mohit Gulati
Managing General Partner
LinkedIn