Track record: personal angel investing (Nov 2019) and the GPs’ prior fund vehicle (Jul 2024). Corroborated by co-investors and CA.
The Partnership
Bharat Mital
General Partner · Co-Founder
Computer Science Engineering graduate from NIE, Mysore, and Master's from the Wharton Business School (Technology Management). Founder of Compu Vision Consulting, an IT services firm trusted by Fortune 100 companies including Dell Technologies and Merck Pharmaceuticals.
Co-founded Navitas Partners with offices in the US, Canada, and India. Active investor in India's growing startup ecosystem with notable investments in Thriwe and Arivihaan.
At Fitoor Capital, brings B2B infrastructure co-build experience across TransBnk, Blostem, and Hexalog.
- Education: Wharton MTM · NIE Mysore CSE
- Founder: Compu Vision Consulting (Dell · Merck · Fortune 100)
- Co-founder: Navitas Partners (US · Canada · India)
- Portfolio: Arivihaan · Thriwe · TransBnk · Blostem · Hexalog
Manvi Mehra
General Partner · Co-Founder
Founded the iAngel Network, a global community of 1,500+ investors, where she evaluated 2,000+ startups to handpick 80 for investment — mentoring and nurturing them across industries.
Headed Investments at Finvolve, one of India's fastest-growing multi-stage VC funds, before founding Giverly, a social-impact startup that was recently acquired. A 2X founder, investor, and mentor, Manvi has been across all ends of the ecosystem.
Currently building Elevix, a startup capability center active across UAE, KSA, and Qatar. At Fitoor Capital, leads D2C, consumer brands, and cross-border growth verticals.
- Exit: Giverly → acquired
- iAngel Network: 1,500+ investors · evaluated 2,000+ startups · handpicked 80
- Investments Lead, Finvolve — one of India's fastest-growing VC funds
- Operating: Elevix (UAE · KSA · Qatar)
Amit Tyagi
General Partner · Co-Founder
Co-founder of iServeU, India's leading Banking-as-a-Service infrastructure platform — acquired by Niyogin Fintech for Rs 59.2 crore (51% stake) in August 2020. Raised $18M across two institutional rounds and scaled B2B revenue from zero to $10M ARR.
Prior to iServeU, led Pan-India Treasury at IndusInd Bank, growing revenue from $4M to $22M in four years (2015–2019). ISB MBA in Finance (GMAT 740). Mentor at Stanford Seed and Venture Partner at We Founder Circle.
Angel investing since November 2019. Co-founder of a SEBI-registered angel fund launched in July 2024. At Fitoor Capital, leads B2B infrastructure and fintech verticals.
- Exit: iServeU → Niyogin Fintech, Rs 59.2 Cr (51% stake), Aug 2020
- Raised $18M for iServeU across 2 institutional rounds
- IndusInd Bank: grew treasury revenue $4M → $22M (2015–2019)
- Portfolio B2B: iServeU, TransBnk, Blostem, Hexalog
- Angel investing since Nov 2019 · 110+ investments
- Prior fund vehicle: SEBI-registered angel fund, Jul 2024
Sector Advisors
The operator VC model works because of the depth behind each sector. Nitin Sethi, Dr. Mudit, and other domain specialists are embedded advisors — each leading a vertical, not just lending their names. Every investment has an advisor actively co-building alongside the company over a 4–8 year horizon.
Fund Structure · Fitoor Capital Fund I
Structure
SEBI Category II AIF
Target Corpus
$40M
Management Fee
2% · Year 1–5
Carry
20%
Hurdle Rate
12%
Catch-Up Rate
22%
Min. Commitment
$500K
Initial Check
$500K – $1M
Deployment Split
60% / 40%
Target Close
Oct 2026
Current commitments: ~Rs 70 Cr from Indian investors + ~Rs 80 Cr from US-based LPs. Anchor LP is a former CEO of a leading Indian private sector bank. Fund II planned 1,000 days from close of Fund I.