# Vistra ITCL

> Vistra ITCL is a VC fund in Mumbai backing FinTech and Fashion. See 11 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Mumbai, India
- Total investments: 11
- Last investment: Apr 2024
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/vistra
- Website: https://vistraitcl.com/
- Facebook: https://www.facebook.com/ILFS-Trust-Company-Ltd-167117370006082/

Vistra ITCL is a VC fund in Mumbai focused on FinTech and Fashion. ITCL is one of the largest Independent Corporate Trustees in India offering Trusteeship and Fiduciary services to Infrastructure and Financial Services sector, Industry, Governments, Funds, Families and High Net worth Individuals.

## Contacts

5 contacts available for Vistra ITCL. Shizune tracks 4 team members at Vistra ITCL. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/il-fs-trust-co-ltd?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| FinTech | 3 | 27% |
| Fashion | 2 | 18% |
| Finance | 2 | 18% |
| Lending | 2 | 18% |
| Education | 2 | 18% |

37 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 5 | 45% |
| Debt Financing | 3 | 27% |
| Series D | 2 | 18% |
| Venture - Series Unknown | 1 | 9% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Narendra Joshi | General Counsel | 0 | https://shizune.co/investors/profile/narendra-joshi-2 |
| Nityananda Shanbhag | Head - Fund Operations | 0 | https://shizune.co/investors/profile/nityananda-shanbhag |
| Sekhar Devdas | Chief Financial Officer | 0 | https://shizune.co/investors/profile/sekhar-devdas |
| Shikha Bagai | Managing Director | 0 | https://shizune.co/investors/profile/shikha-bagai-5aa3 |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| A&A Dukaan Financial Services Private Limited | BankBazaar.com offers neutral online marketplace that gives you instant customized rate quotes on Loans, Mutual Funds and Insurance products. You can instantly search for, compare and apply for these products on the site or mobile app. It is designed with smart technology capabilities, and over 50 of India's leading financial companies andinsurance firms have chosen to integrate themselves with the platform.BankBazaar's services are available through the web-portal, made-for- mobile web service, or the BankBazaar app available on the Android play store and iOS app store. We help consumers compare the best offers across various banks and NBFCs. Apart from these, we also give the consumer the latest news/trends and insights into managing his finances better. Consumers can track their application and troubleshoot issues in the process through a host of channels like the BankBazaar app, WhatsApp, Email, or Voice support. | $6M | Debt Financing | Apr 26, 2024 | https://www.bankbazaar.com |
| Glamyo Health | Glamyo Health is a Series B Funded Asset Light Healthcare provider delivering a hassle-free experience for all elective surgeries & procedures | $2.3M | Series A | Sep 02, 2022 | https://www.glamyohealth.in/ |
| Procol | It's the year 2020, and the world's largest spend taken place offline.We’re living in a world where we have Amazons. In contrast with the world of business purchases where 60% of the time is spent on cold calling, emailing, following-up, and even worse, a large number of transactional frauds happen on payments and deliveries. Resultingin ruined trust and suffered business relationships.In a market of trillion $ of business spend, Procol is building an all-in-one digital procurement platform — a single place for live auctions, collaboration, and intelligent insights.Backed by investors like Blume Ventures, Sequoia Surge, Beenext, and Rainmatter. | $5.5M | Series A | Jun 17, 2022 | https://www.procol.io |
| Wrogn | Wrogn is a youth-focused fashion brand house. Wrogn offers a range of apparel including casual wear, denim, shirts, t-shirts, jackets, and accessories. Its brand portfolio includes brands, across men’s wear and women’s wear, like Wrogn, Imara, Ms.Taken, Single, and Wrogn Active. Wrogn has become popular in India, especially among the youth, for itstrendy designs, quality, and affiliation with Virat Kohli, one of India's most prominent and influential cricketers. The brand has expanded its reach through both online and offline retail channels, establishing a dedicated customer following nationwide. | $4M | Debt Financing | Apr 13, 2021 | https://www.usplworld.com/ |
| Eduvanz | Eduvanz is a fintech Non-banking Finance Company for students seeking financial assistance.Its platform collaborates with various educational institutes to offer unsecured loan products that can be availed through a quick and easy online process that pr pupils and academic aspirants with transparent and secure financial assistance to makeeducation universally accessible. | $5M | Series A | Aug 04, 2020 | https://eduvanz.com/ |
| PlayShifu | PlayShifu is an EdTech startup that offers teaching and learning tools for children 4 to 12 years of age. Shifu creates an innovative and immersive learning experience during playtime by bringing board games and mobile devices together through Augmented Reality. Because they believe, children deserve good screen time. | $3.4M | Series A | Jul 21, 2020 | https://www.playshifu.com/ |
| Cult.fit | CureFit is a health and fitness company offering digital and offline experiences across fitness, nutrition, and mental well-being.With the aim to make fitness fun and easy, CureFit gives workouts a whole new meaning with a range of trainer-led, group workout classes. It makes workouts fun, daily food is healthy and tasty, mental fitness easy withyoga and meditation, and medical and lifestyle care hassle-free.Co-founded by Mukesh Bansal and Ankit in Nagori 2016, the company is headquartered in Bangalore, Karnataka. | $110M | Series D | Mar 23, 2020 | https://www.cure.fit |
| Purple Style Labs | Purple Style Labs is an IIT-Bombay graduate and ex-banker with Deutsche. It aspires to be the biggest fashion house of India managing multiple designer brands in the premium, luxury as well as affordable retail segment. | $1.7M | Venture - Series Unknown | Mar 13, 2020 | http://purplestylelabs.com/ |
| Bounce | Bounce (formerly known as Metro Bikes) is a smart mobility solution, with a mission of making daily commute stress-free, time-saving, reliable, and convenient.With a breakthrough technology that lets users access the bike with just an OTP, the Keyless bikes, have not only done away with keys, but the whole process of renting a bike has justbecome devoid of any physical or human intervention. With Bounce's new One Way Rental service, users can now pick up and drop the bike anywhere they need to and be done with the ride. This is aimed at providing a seamless first mile and last-mile connectivity to metro users.Founded in 2014, Bounce aims at decongesting the roads by encouraging commuters to choose public transport by delivering convenient options to rent bikes and reach their destinations from metro stations. It is based in Bangalore, India. | $105M | Series D | Jan 09, 2020 | https://bounceshare.com |
| Niki | With the mission statement “Nobody left behind”, Niki is ushering Bharat into the internet economy. Niki is Bharat’s very own “Full Stack Ramu Kaka" delivering trust and service to over 150 Million customers. Niki has pioneered the Do-It-For-Me Model and it is built with the most advanced proprietary conversational technology that understandsand fulfills customer's needs via voice. Its value chain has a strong supply side gatekeeping that ensures quality goods and services and is coupled with a digital and human stack that provides end to end proactive assistance to the Bharat customers. Niki is backed by US based fintech-focused fund EMVC, Unilazer Ventures, Mr. Ratan Tata, Japan’s Recruit Partners and Haresh Chawla among others. | $1.4M | Debt Financing | May 22, 2019 | https://niki.ai |

10 of 11 investments shown.

## Co-investors
- [Chiratae Ventures](https://shizune.co/investors/profile/idg-ventures-india) — VC Fund, 2 deals together
- [Accel](https://shizune.co/investors/profile/accel) — VC Fund, 1 deal together
- [Accel](https://shizune.co/investors/profile/accel-india) — VC Fund, 1 deal together
- [Agility Ventures](https://shizune.co/investors/profile/agility-venture-partners) — VC Fund, 1 deal together
- [Alarko Ventures](https://shizune.co/investors/profile/alarko-ventures) — VC Fund, 1 deal together
- [Alpha Capital](https://shizune.co/investors/profile/alpha-capital) — VC Fund, 1 deal together

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## FAQ

### What does Vistra ITCL invest in?

Vistra ITCL invests primarily in FinTech, Fashion and Finance startups, most often at Series A and Debt Financing stage. Most of the 11 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Vistra ITCL?

Public channels for Vistra ITCL include LinkedIn, the website linked on this profile and Facebook. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Vistra ITCL?

The team at Vistra ITCL includes Narendra Joshi (General Counsel), Nityananda Shanbhag (Head - Fund Operations) and Sekhar Devdas (Chief Financial Officer). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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